Head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture Samad Hassanzadeh says the country’s economy has moved past the sharp downturn caused by the recent war, with economic activity resuming.
Speaking at a Sunday meeting of the chamber’s representatives, Hassanzadeh said the latest Purchasing Managers’ Index (PMI) reports contain encouraging signs of a relative improvement in economic conditions.
He attributed the recovery to the “jihadist efforts” of the private sector and businesses, as well as a temporary reduction in the intensity of economic shocks compared with the months of March, April, and May.
Hassanzadeh said the improvement also reflected the government and president’s efforts to maintain economic activity and engage with different countries.
He stressed, however, that sustaining the recovery would require greater international engagement.
The chamber chief thanked the Iranian people, entrepreneurs, security forces, and the country’s negotiating team for their efforts.
The private sector, he added, would support negotiations and initiatives that safeguard the Islamic Republic of Iran’s power and dignity.
The United States and Israel waged their second war of aggression against Iran on February 28, with the assassination of the Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, and several high-ranking military commanders.
In response, the Iranian Armed Forces carried out 100 waves of counterattacks over 40 days, targeting US and Israeli military assets, which resulted in significant damage.
On June 15, Washington and Tehran announced a Pakistani-mediated agreement aimed at ceasing military operations across various fronts, including Lebanon, reopening the Strait of Hormuz, and lifting the naval blockade on Iran.
According to Iranian officials, the US has repeatedly violated the terms of the agreement.
