Posted inIran

Rug pulled from under Iran’s carpet industry

Iran’s carpet industry, once a rich trademark of Persian culture and a key source of non-oil and gas export revenues, is coming unraveled under the double whammy of US sanctions and a Covid-caused recession. Without meaningful government relief and investment, the fast-fading export industry that normally employs 2.5 million people and provides livelihoods in associated businesses […]

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