Chinese trade cuts deepen Iran’s economic crisis amid sanctions pressure

China is reducing commercial ties with Iran amid assessment that Iranian oil exports will not resume soon, implementing cutbacks in goods shipments and refined petroleum exports. The Iranian currency has breached 2.7 million rials per dollar, inflation is surging and oil revenues have nearly disappeared. Expert assessment suggests if the economic blockade continues, the regime could face significant functional difficulties by June 2027.

Sources: Israel Hayom

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