India, Aug. 29 -- Iran is facing growing economic strain as the United States steps up its sanctions campaign and the conflict between the two countries enters its sixth month. Tehran says the war and restrictions on Iranian shipping have sharply reduced foreign trade, while inflation and pressure on household finances continue to worsen. The Trump administration has warned countries and financial institutions against maintaining business ties with Iran, raising the possibility of secondary sanctions. However, Washington has so far avoided imposing such penalties on major Iranian trading partners including China and India, a move that could have wider consequences for global trade.

Iran's Trade Falls 35%

Iranian President Masoud Pezeshk...