President Masoud Pezeshkian reports significant decline in Iranian trade due to U.S. sanctions and naval blockade

Iranian President Masoud Pezeshkian reported that national trade has fallen by between 25% and 35% due to U.S. sanctions and a naval blockade. The administration announced that the blockade, reimposed by President Trump, was intended to retaliate against Iranian attacks on oil tankers. This economic pressure has significantly reduced crude oil exports, with August loadings plunging by over 80% compared to previous months. While the administration continues to exert pressure to reopen the Strait of Hormuz, Supreme Leader Mojtaba Khamenei has urged Muslim nations to unite against the United States and Israel, identifying them as the

Sources

• NBC News
  Iran’s Mojtaba Khamenei urges Gulf rulers in written message to confront ‘real enemy’
• CNBC
  Iran trade falls as Supreme Leader Khamenei urges less reliance on the U.S. dollar
• Al Jazeera
  Iran’s Khamenei calls for Gulf unity as Hormuz tensions persist

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Paywall and unreadable sources

• Reuters
  Iran's Khamenei urges Gulf rulers in written message to confront 'real enemy'
• AP News
  Iran’s supreme leader calls for Muslim unity against US and Israel, and other Mideast news