Any Hormuz breakthrough hinges on Iran compliance, Rubio says
Any potential breakthrough over the Strait of Hormuz would depend on Iran accepting and complying with a proposed framework under discussion, US Secretary of State Marco Rubio said on Sunday.
“We think we've made some progress on the outline of something that, if it works, could give us that outcome,” Rubio said alongside his Indian counterpart in New Delhi.
Further negotiations, Rubio said, would still be needed, adding that any agreement would require “full Iranian acceptance and then compliance.”
“There is the possibility that over the next few hours, the world will get some good news,” Rubio said, referring to developments related to the Strait of Hormuz.
The goal, he added, remained ensuring the world no longer faced the threat of an Iranian nuclear weapon.
Rubio also said attacks on commercial vessels were “totally illegal.”
Traders and consumers say prices for phones, laptops and computer components now shift daily as importers grapple with currency pressures, supply uncertainty and disruptions to long-established trade routes through the United Arab Emirates, according to Eghtesad News.
“Today’s price is only valid for today,” has become a common refrain among sellers in Iran’s technology markets, reflecting uncertainty over replacement costs and future supplies, the report added.
The disruption has hit not only premium electronics but also basic hardware including SSD drives, graphics cards, motherboards, monitors and repair parts, according to market participants and customs data cited in the report.
UAE route emerges as key vulnerability
Iran’s technology market has long depended heavily on Dubai as a regional import and logistics hub for electronics. Customs figures cited in Iranian trade reports show roughly 600,000 laptops worth around $260 million entered Iran in 2023, with the overwhelming majority routed through the UAE.
Broader trade data also point to the scale of dependence. Iranian customs statistics showed exports from the UAE to Iran reached around $19.1 billion between March 2024 and January 2025.
Importers say alternative routes through China, Turkey, Oman and Qatar remain slower, more expensive or less flexible than the Dubai-based networks that previously dominated the market.
Mobile phones and laptops move out of reach
Iran’s mobile phone imports dropped sharply in 2025, according to customs figures cited in the report. Commercial imports fell to about 8.4 million devices worth roughly $1.6 billion, down from 11.4 million phones valued at nearly $2.5 billion a year earlier.
The loss of the national currency’s value against the dollar, along with rising import costs, has also fed directly into retail prices. Some high-end Apple models now sell for several billion rials, with certain iPhone 16 Pro Max listings approaching 5 billion rials ($2800) in some stores.
Laptop prices have also surged. Entry-level student laptops now commonly exceed 400 million rials ($225), while mid-range work models often sell for between 800 million and one billion rials ($450-550).
For many households and small businesses, the shift has changed buying behavior. Consumers increasingly delay purchases, turn to second-hand devices or opt to repair aging hardware instead of replacing it, added the report.
The pressure extends beyond consumers. Software firms, engineering offices, freelancers and online businesses now face sharply higher costs for maintaining basic digital infrastructure, adding strain to sectors already coping with weak purchasing power and economic uncertainty.
