Iran’s economy has contracted by more than 10 per cent during the Middle East war, which began with US-Israeli attacks in late February that unleashed turmoil and battered the Islamic republic’s economy, according to AFP.
The country’s gross domestic product (GDP) has shrunk by 10.1pc year-on-year from late March to late June, a period known in Iran as the first quarter of the Persian calendar, according to the Statistical Center of Iran.
