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Iran Trade Falls as Supreme Leader Khamenei Urges Less Reliance on the U.S. Dollar

Summary by CNBC
Iran's president says sanctions are hitting imports and exports, as its supreme leader urges less reliance on the U.S. dollar.

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Iran's imports and exports are taking a hit from US sanctions and a blockade of its ports, President Masoud Pezeshkian admits. The country's new supreme leader, Mojtaba Khamenei, is calling for a reduction in dependence on the US dollar.

·Stockholm, Sweden
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Iran's imports and exports are taking a hit from US sanctions and a blockade of its ports, President Masoud Pezeshkian admits. The country's new supreme leader, Mojtaba Khamenei, is calling for a reduction in dependence on the US dollar.

Leader of the Islamic Revolution Ayatollah Seyyed Mojtaba Khamenei praised the government of President Masoud Pezeshkian for addressing the needs of the people amid the US-Israeli aggression and blockade, and urged increasing domestic production and eliminating the use of the US dollar in transactions.

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Iran wants to eliminate its dependence on the US dollar. This was announced by Iran's Supreme Leader Mojtaba Khamenei on his "X" social network account. "It is necessary to pay special attention to economic growth, increase production, and gradually eliminate the decisive role of the US dollar," Khamenei said. In his opinion, the main focus in Iran now should be on the economy of resistance: "All these are among the goals of a service-oriented g…

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Tribune India broke the news in Chandigarh, India on Friday, August 28, 2026.
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