Iran's foreign trade dropped by 34% due to the naval blockade The Tasnim news agency quoted the head of Iran's trade development organization and attributed the 34% drop in foreign trade in the first six months of the year to the naval blockade. Muhammad Ali Dehgan Dehnawi said that the change of the transportation route to rail and road increased transportation costs and caused congestion at the border crossings. However, according to Mr. Dehgan Dehanavi, economic activists managed to continue part of the business in alternative ways. He added that part of the maritime trade also continues to use the methods available to the private sector. By expanding the scope of its sanctions for aircraft flying near the naval blockade, the US has announced that it intends to close all of the Iranian government's income streams from the sale of oil.

Iran's foreign trade dropped by 34% due to the naval blockade The Tasnim news agency quoted the head of Iran's trade development organization and attributed the 34% drop in foreign trade in the first six months of the year to the naval blockade. Muhammad Ali Dehgan Dehnawi said that the change of the transportation route to rail and road increased transportation costs and caused congestion at the border crossings. However, according to Mr. Dehgan Dehanavi, economic activists managed to continue part of the business in alternative ways. He added that part of the maritime trade also continues to use the methods available to the private sector. By expanding the scope of its sanctions for aircraft flying near the naval blockade, the US has announced that it intends to close all of the Iranian government's income streams from the sale of oil.