How oil and gas losses have shrunk Iran's GDP by 10 percent during the war

Iran's GDP shrank 10.1% year-on-year in the first Persian-calendar quarter from 21 March to 20 June, covering the opening months of the US-Israel war that began on 28 February, official data show. Oil and gas activity fell 26.4%; non-oil GDP dropped 4.6%. Industry and mining contracted 14.7%, services 4.8% and manufacturing 2.5%, while agriculture grew 2.3%, as export limits, inflation and a weaker rial weigh on the economy.