The ongoing conflict and the closure of the Strait of Hormuz have significantly impacted the global economy, but Iran's economy has been in decline for years. The war has further strained its already battered economic conditions.

The Iran war and closure of the Strait of Hormuz have damaged the global economy, but Iran's own economy has been faltering for years. <p>The Iran war and closure of the Strait of Hormuz have damaged the global economy, but Iran's own economy has been faltering for years.</p><img src="https://media.npr.org/include/images/tracking/npr-rss-pixel.png?story=nx-s1-5795571" />