Iran economy suffers as sanctions bite

Iran's economy is increasingly strained as US sanctions intensify, with trade falling and the supreme leader urging less reliance on the US dollar.

President Masoud Pezeshkian acknowledged that sanctions are hitting imports and exports.

Meanwhile, Iran's ambassador to Germany said Tehran is prepared to engage in talks as equal partners, suggesting a potential diplomatic opening.

The economic pressure comes as the country faces significant challenges from the ongoing war and international isolation.