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Tue, 25 Aug 2026

Tue, 25 Aug 2026 Who does Iran trade with and what could Trump's 'economic D-Day' mean?

Iran is no stranger to US sanctions and has developed deep economic ties with several countries.

* China: As Iran's largest export market, accounting for 26.9% of its exports in 2025.
* Turkey: A significant trading partner with a complex relationship between its military alliance with the US and economic ties with Iran.
* Pakistan: Another major trading partner that has to balance its relationships with the US and Iran while also addressing issues like fuel smuggling across their shared border.
* Armenia: Which trades heavily with Russia, despite facing sanctions from the US and its allies. Economists argue that the impact of US sanctions on Iran's economy will be limited. The direct impact on Iran's revenues is expected to be minimal, and some experts question whether the US has the ability to enforce its economic pressure tactics effectively.