The wave of US sanctions against Russia amid the Ukraine war has opened new opportunities for Iran – also a prime target of US hegemonic belligerence -- to build an economic alliance with the major global power, a US-based think tank says

Iran’s economy grew by 4.4% in the year to late March, according to central bank figures.

Iranian statistics agency figures show the economy grew by 4.3% in the year to late March.

The European Commission substantially reduced its eurozone growth forecast for 2022.

The Iranian economy grew by 5.7% in the third quarter of the calendar year to late March.

The IMF estimates Iran’s economic growth in 2021 was 4% while expecting a 3% growth for 2022.

In his New Year speech to the Iranian nation, Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said that achieving economic progress hinges on taking steps in line with developing knowledge-based economy.

A report shows Iran’s GDP rose by 5.1% to 54,970 trillion rials in the 9 months to late December.

Iran’s statistics agency says GDP rose by 4.2% in the quarter to late September.

The IMF lowers Iran’s economic growth forecast for 2021 to 2.5%.