Iraqi Closure Limits Iran's Trade
Iran has closed the Shib border crossing with Iraq as part of its measures to tighten the embargo imposed on Tehran. This move coincides with the closure of the Gabad/Rimdan crossing and the suspension of trade with Pakistan via Tiftan, amid a noticeable decline in trade exchanges between Iran and its neighboring countries. As a result, road congestion has increased, with longer wait times and a sharp decline in imports and exports. Iran's non-oil exports have decreased by 28% over the past nine months, and Iran's trade with Iraq has plummeted to around $10 billion in 2025, heavily relying on maritime ports that handle more than 28% of its foreign trade.
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