Iranian leaders are acknowledging mounting economic pain six months into the war with the US, as President Masoud Pezeshkian says foreign trade has fallen 35% under sanctions and a naval blockade. Supreme Leader Mojtaba Khamenei urged action on inflation and unemployment, while diplomatic efforts continue over the Strait of Hormuz.

Iran's president insisted on Wednesday that the United States would achieve nothing with its new sanctions campaign after Washington laid out plans to collapse the country's…

Iran's economy is poised for more instability as the Trump administration tries to coerce other countries into ending all financial dealings with the Islamic Republic