Iran's President Masoud Pezeshkian has ordered the formation of a committee to coordinate a new economic arrangement aimed at stabilizing prices and countering US economic pressure and naval blockades. The committee includes central bank governor Abdolnaser Hemmati, Interior Minister Eskandar Momeni, and Tehran mayor Alireza Zakani. Pezeshkian also called for the implementation of "car-free Tuesdays" to conserve energy, as the country faces a 10% GDP contraction and record low rial due to the US-Israeli war and sanctions.