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Iran Faces Economic Crisis
- The Islamic Republic of Iran faces economic strain from the war, with the rial down 8% since the conflict began and inflation at 105%.
- A U.S. naval blockade plan threatens Iran's oil revenue, a key government funding source.
- The International Monetary Fund (IMF) and World Bank are expected to downgrade growth forecasts.
- The conflict triggers global economic alarm as countries announce emergency measures to curb rising energy costs.
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