Iran Economy

US sanctions suffocating Iran economy, oil infra starting to creak: Bessent

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'

US sanctions Iran's 35 'shadow banking' architecture under Op Economic Fury

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

Iran's unused oil storage shrinks to 22 days or less amid US blockade

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

US 'squeezing economic life' out of Iran, won't allow nukes: Trump aide

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

Strait of Hormuz blockade impact: 2.3mbpd oil supply at risk, says Nomura

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

Why Donald Trump's Hormuz blockade is as much about China as Iran

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

US - Iran ceasefire & markets: How brokerages interpret the developments

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 floats seizing Iran oil as he weighs expanding US energy dominance

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

The calculus of war: Power, oil, and the logic of conflict in Iran

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

US-Israel-Iran war: Where the conflict stands after 10 days of fighting

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

Oil over $100: How the Strait of Hormuz crisis is shaking the world economy

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

Who's driving the US-Israel-Iran conflict and who holds power in Tehran now

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

US futures, Asian shares open lower, oil prices soar amid Iran crisis

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 ...

West Asia oil output may need to stop if Hormuz closed for 25 days

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

Khamenei's killing complicates planned summit between Trump, Xi Jinping

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

More LNG tankers divert from Strait of Hormuz amid widening Iran crisis

At least 13 empty LNG tankers that were on the eastern side of the chokepoint have diverted away, according to ship-tracking data

Iran foreign minister to meet UN nuclear chief ahead of talks with US

Trump's son-in-law, Jared Kushner, and special envoy Steve Witkoff are expected to head the US delegation

Death toll in Iran protest crackdown rises over 7,000, say activists

The death toll from a crackdown over Iran's nationwide protests last month has reached at least 7,002 people killed with many more still feared dead, activists said Thursday. The US-based Human Rights Activists News Agency, which offered the latest figures, has been accurate in counting deaths during previous rounds of unrest in Iran and relies on a network of activists in Iran to verify deaths. The slow rise in the death toll has come as the agency slowly is able to crosscheck information as communication remains difficult with those inside of the Islamic Republic. Iran's government offered its only death toll on January 21, saying 3,117 people were killed. Iran's theocracy in the past has undercounted or not reported fatalities from past unrest. The Associated Press has been unable to independently assess the death toll, given authorities have disrupted internet access and international calls in Iran. The rise in the death toll comes as Iran tries to negotiate with the United Sta

Iran's protests, bloody crackdown in focus amid internet blackout

The bloodiest crackdown on dissent since Iran's 1979 Islamic Revolution is slowly coming into focus, despite authorities cutting off the Islamic Republic from the internet and much of the wider world. Cities and towns smell of smoke as fire-damaged mosques and government offices line streets. Banks have been torched, their ATMs smashed. Officials estimate the damage to be at least USD 125 million, according to an Associated Press tally of reports by the state-run IRNA news agency from over 20 cities. The number of dead demonstrators reported by activists continues to swell. Activists warn it shows Iran engaging in the same tactics it has used for decades, but at an unprecedented scale - firing from rooftops on demonstrators, shooting birdshot into crowds and sending motorcycle-riding paramilitary Revolutionary Guard volunteers in to beat and detain those who can't escape. "The vast majority of protesters were peaceful. The video footage shows crowds of people - including children an