Washington has launched a global campaign to cut off Iran's remaining trade, and its central message is aimed at third countries: keep doing business with Tehran and lose access to the United States. Treasury is calling it an economic D-Day.
Iran has announced another major gas discovery, but with the world’s second-largest reserves already beneath its soil, Tehran’s problem is not finding gas but finding the money and technology to extract it.
Iranian officials have dismissed Washington’s “Economic D-Day” as another failed attempt to cripple the country, but analysts inside Iran warn that an economy weakened by war may be far less capable of absorbing the latest US pressure campaign.
Reports of gasoline shortages spread across Tehran on Monday, with filling stations closing after running out of fuel and motorists describing long searches and queues for increasingly scarce supplies.
Nine in 10 respondents to an Iran International Instagram poll said they did not want to marry or have children under Iran’s economic, social and political conditions, according to results gathered from about 100,000 participants.
Iran’s leadership may see an end to the war as necessary under mounting US economic pressure, but that does not mean Tehran will heed Washington’s demands, experts say, warning that the pressure could instead drive it toward further escalation.
Iranians described deepening financial hardship and questioned whether economic pressure can change government policy as the dollar hit a historic 2 million rials, extending the currency's sharp decline on Sunday.
Iran's central bank governor says hyperinflation has not happened. A leading Tehran economist says it already has. Whatever it is called, the shelves tell the same story.
Iranian crude loadings have fallen to about one-seventh of their pre-war level under the US naval blockade, while Chinese receipts of Iranian oil and fuel exports have also dropped sharply, tanker-tracking data reviewed by Iran International shows.
The expiry of a 25-year gas contract has exposed a shift in the Iran-Turkey energy relationship, with Ankara now enjoying more supply options while Tehran risks losing one of its most dependable export markets.
A gasoline policy survey by Iran’s energy optimization chief has reignited debate over how the Pezeshkian administration should tackle the country’s fuel deficit without triggering another politically dangerous price shock.
The United Arab Emirates’ decision to halt all trade and financial transactions with Iran threatens one of Tehran’s most important routes for imports, petroleum-product sales and access to international commercial and financial networks.
Donald Trump has promised an “Economic D-Day” against Iran, a threat Tehran dismissed as another failed US policy. But with inflation, shipping costs and supply strains already biting, how much more pressure can Iran’s fragile economy absorb?
Some luxury apartments in northern Tehran are being advertised above the price of central Munich or Sydney: 25 billion rials, about $13,228, per square meter, according to Farhikhtegan newspaper, which examined the listings.
Two Chinese state-controlled shipping companies have stopped sending oil tankers through the Strait of Hormuz and Bab al-Mandab, instead loading crude outside the Persian Gulf amid heightened security risks, Reuters reported on Tuesday, citing industry sources and shipping data.
Donald Trump’s maximum pressure is usually scored by counting tankers and tracking the rial, but Iran’s budget points to a deeper cost: more than $80 billion in NIOC bank debt and sovereign-fund arrears, repeatedly deferred as Iranians shoulder the burden.
Iran’s government is considering three proposals to curb gasoline consumption as war damage, import difficulties and a widening gap between domestic production and demand put growing pressure on fuel supplies.
Iran says its non-oil trade has fallen by around 30% since the war began, but figures from several of its biggest trading partners point to far steeper declines in some of the country’s most important commercial relationships.
The aborted move in Kerman Province revived one of the most politically explosive questions in Iran: how to curb gasoline consumption without repeating the upheaval that followed the last major nationwide price increase in 2019.
The Caspian Sea is falling by as much as 20 centimeters a year and stands at its lowest level in two centuries, an Iranian environment official said, a warning that lands just as Tehran reopens the argument over how to divide a sea that is shrinking on all five of its owners.
Replacing a single ship carrying essential goods to Iran would require about 2,500 trucks, a Chamber of Commerce official warned, saying land routes cannot offset the US maritime blockade and negotiations are the only realistic way to restore trade.
A plan to sell petrol at a much higher “refinery cost” rate in southern Kerman province was halted hours before it was due to begin, the provincial fuel distribution company said on Thursday.