Iran Economy

Iran's grip on the Strait of Hormuz is throttling the world's energy supplies and inflicting global economic pain, but the struggles of the Islamic Republic's own economy are testing its ability to withstand the war and defy Washington's demands. Iranians have been hit by spiralling prices for food, medicine and other goods. At the same time, the country has seen mass job losses and business closures caused by strike damage to key industries and the government's monthslong shutdown of the internet. The economic cost of the war and the US naval blockade "has been very substantial and unprecedented for Iran," said Hadi Kahalzadeh, an Iranian economist and research fellow at Brandeis University. But Iran has withstood decades of economic pressure and sanctions, and its capacity to adapt has not been dismantled, Kahalzadeh said. "Iran can probably avoid a complete economic collapse or total shortage of essential goods, but at a very high cost," he said. "The main cost will be passed to

According to the Iranian state broadcaster, Foreign Minister Abbas Araghchi made the remarks in talks with Norway's deputy foreign minister during a meeting in Tehran

Iran imposed heavy restrictions on internet after Israel and US started their war on the country in late February, having earlier blocked online access during nationwide protests the previous month

The president is trying to ratchet up the economic pressure on Tehran, but Iran's government is unlikely to make a deal without a big, face-saving compromise

Bessent suggested that the Iranian petroleum sector is facing an imminent crisis and may be forced to begin shutting in wells in the next week, as the nation's crude storage is 'rapidly filling up'

The move aims to choke off a financial lifeline that has moved tens of billions of dollars to fund the Iranian regime's armed forces, missile programs, and regional terrorist proxies

The Islamic Republic has enough unused storage capacity to last another 12 to 22 days

Miller emphasised that US President Donald Trump remains committed to pursuing peace but will not compromise on preventing Iran from developing nuclear capabilities

Iran, according to Nomura's estimates, has been the biggest beneficiary since the war broke out in terms oil revenues that rose 36 per cent y-o-y in March 2026 to $5.7 billion

If US enforces the blockade, the Iranian economy will suffer an enormous blow on top of the war destruction and will need to start shuttering oil wells in next few days as its storage tanks fill up

Here's how leading brokerages have interpreted the recent developments in West Asia and their likely impact on stock markets and crude oil prices.

Trump's proposal reflects push for energy dominance, but raises risks of deeper conflict and global fallout

Everybody loves a good war, especially if they are oil-rich. Here's the algebra of the calculus of war for Iran

Ten days of strikes, naval deployments, fears over the Strait of Hormuz and oil market volatility have pushed the Iran conflict beyond the battlefield. Here's where the crisis stands now

Within days of the US-Israel attacks on Iran, crude oil prices have surged past $100 a barrel for the first time since the early fallout of Russia's invasion of Ukraine

US and Israeli strikes killed Iran's Supreme Leader Ayatollah Ali Khamenei and top commanders, reshaping Tehran's power structure as questions mount over who will lead next

The US and Israeli attacks on Iran rattled world markets on Monday, with US futures initially falling more than 1 per cent and oil prices soaring, though both moderated as trading picked up. The futures for the S&P 500 and Dow Jones Industrial Average were down about 0.8 per cent by mid-morning in Bangkok. Asian shares opened lower. Japan's Nikkei 225 index initially fell more than 2 per cent, but by midday Tokyo time it was down 1.5 per cent at 57,981.54. In Hong Kong, the Hang Seng lost 1.6 per cent to 26,215.91, and the Shanghai Composite index was flat at 4,163.01. Taiwan's benchmark lost 0.6 per cent and Singapore's dropped 1.9 per cent. In Bangkok, the SET fell 2.1 per cent. Australia's S&P/ASX 200 shed 0.3 per cent to 9,173.50. Markets were closed in South Korea for a holiday. The price of gold, usually viewed as a safe haven for investment in times of uncertainty, rose 2.4 per cent to about USD 5,371 per ounce. Traders were betting the supply of oil from Iran and ...

Around 19 million barrels a day of liquid fuel exports, including 16 million barrels a day of crude, transit the strait

While Iran, Venezuela aren't considered important partners for China, Trump's campaign of regime change raises the question of whether the next target could be a leader with much closer links to Xi