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        <firstCreated>2026-09-22T04:07:35Z</firstCreated>
		
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        <contentCreated>2026-09-21</contentCreated>
		
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            <name>Iran</name>
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        <dateline xml:lang="en">Sept 20, 2026/File</dateline>
        <slugline xml:lang="en">Iran-Economy</slugline>
        <headline xml:lang="en">Iran's economy contracts more than 10 pct during war: official data</headline>
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Iran's gross domestic product (GDP) contracted by more than 10 percent year on year during the U.S.-Israel-Iran war, official data showed on Sunday. 

According to the Statistical Center of Iran, the country's GDP, including the oil and gas sector, fell by 10.1 percent year on year from March 21 to June 20, a period corresponding to the first quarter of the Persian calendar year. 

Meanwhile, GDP excluding oil and gas sector declined by 4.6 percent year on year during the same period, the data showed. 

Iran has long been subject to Western economic sanctions and was already facing pressure from currency depreciation and inflation. After the United States and Israel launched military operations against Iran in late February, U.S. restrictions and sanctions on Iran were further intensified. 

In late August, the U.S. Treasury Department announced a new round of sanctions against Iran. 

In response, Iran's Ministry of Economic Affairs set up an "Economic War Command Center" to coordinate and speed up efforts to address economic challenges arising from the conflict. 

On Feb. 28, Israel and the United States launched joint attacks on Tehran and other Iranian cities. Iran responded with waves of missile and drone attacks targeting Israel and U.S. bases and assets in the region, and tightened its grip on the Strait of Hormuz. 

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FILE: Tehran, Iran - Date Unknown (CGTN - No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda) 
1. Iranian national flag, city view 

FILE: Tehran, Iran - May 2026 (CCTV - No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda) 
2. Various of traffic, pedestrians 
3. Various of traffic, Iranian national flags along roadside 

FILE: Tehran, Iran - Feb 28, 2026 (CGTN - No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda) 
4. Various of cityscape after explosions, smoke rising from buildings 

FILE: Kharg Island, Iran - 2016-2018 (CGTN - No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda) 
5. Various of oil storage tanks, flame at oil refinery, facilities 

Strait of Hormuz - Sept 8, 2026 (CGTN - No No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda) 
6. Various of stationary vessels at sea; waves 

FILE: Washington D.C., USA - October 2024 (CCTV Video News Agency - No access Chinese mainland) 
7. Various of White House, flags 
8. Various of Capitol Hill; U.S. national flag 
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