What lies ahead for Iran’s economy as scope of US war grows beyond Hormuz?

27 July, 2026, 04:25 pm

Last modified: 27 July, 2026, 04:30 pm

What lies ahead for Iran’s economy as scope of US war grows beyond Hormuz?

27 July, 2026, 04:25 pm

Last modified: 27 July, 2026, 04:30 pm

The conflict over the Strait of Hormuz has now spread to the Red and Caspian Seas. The disruption of oil exports has deepened Iran's economic, energy and power crises. Despite growing demands for closer ties with China and Russia, the biggest pressure of the war is on ordinary people's lives.

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