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OIC Economies

Iran's challenges could reset status quo, foreign equation


Iran is facing pressing economic and social challenges, exhibiting signs of state failure, according to analysts.

The country’s existing problems were exacerbated by the recent military clash with Israel. 

“The conflict imposed significant economic costs on Iran, estimated between $24-35 billion, or 6.3-9.2% of its GDP,” Khalid Al Terkawi, economic consultant at Jusoor Studies Centre told Salaam Gateway. 

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