Iran economy contracts by over 10% during US-Israel war: Report

Iran's economy contracted by over 10% during the West Asia war after the US and Israel attacked Iran on February 28, 2026, Firstpost reported citing official data. The data showed Iran's GDP falling 10.1% year-on-year from late March to June. Notably, activity in the crude oil and natural gas sector plunged 26.4% year-on-year during the period.