Iran blockade

Detailed view of Iranian rial banknotes held in hand, illustrating finance and economy in Iran.

The War’s Severe Damage to Iran’s Economy Comes Into View

The economic toll of more than two months of war is visible in Iran, as a U.S. naval blockade and the effective halt of the Islamic Republic’s maritime trade triggers mounting pressure across the economy. The sharp depreciation of the Iranian rial is the clearest sign so far of a broader economic breakdown now unfolding. […]

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US blockade targets Iran oil boom amid regional disruption

The United States moved to impose a naval blockade on Iran just as the country’s oil exports were surging to their highest levels in years, underscoring Washington’s effort to halt a wartime boom in Tehran’s energy revenues. The move followed the collapse of negotiations in Pakistan and comes amid a war that has disrupted much

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