Event Brief
UPDATED Aug 29, 2026 at 3:03 PM ET
Aug 29, 2026 at 7:05 AM ET
Iran leaders cite economic strain from US sanctions
By The BriefBrief
Iranian leaders acknowledged the economic toll of the war with the US, with the supreme leader urging the government to address hardship. The president said foreign trade has shrunk by a third due to American sanctions and a blockade, while Tehran signalled it would not retreat and would pursue diplomacy.
WHO: Iranian supreme leader and President of Iran
WHAT: Iranian leaders acknowledged economic hardship and said foreign trade has fallen by a third due to US sanctions and a blockade.
WHEN: Reported Aug 28, 2026 at 8:00 PM ET
WHERE: Iran
WHY: They were responding to the economic impact they attributed to American sanctions and a blockade amid the war with the US.
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