Energy

Iran's currency crashes as the regime runs out of oil to sell and can’t get its money from customers - Fortune

Source: Fortune

―

DW NOTE

Iran blockaded its own export route seven months ago. Now the rial is collapsing because Tehran can't ship oil and its remaining buyers can't pay through a sanctioned banking system. A regime that chose to close the Strait of Hormuz is discovering that economic isolation works both ways.

Read the full story at Fortune →

The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

Can Gold Hold Its 2026 Lows as Silver Breaks Below Its Own? - FOREX.com

Lula faces a fiscal reckoning after Brazil’s market rout

Concerns about management of economy trigger worst day for currency in more than 25 years

Iran's currency crashes as the regime runs out of oil to sell and can’t get its money from customers - Fortune

Read more

Sri Lanka's Economic Recovery Underscores the Geopolitics of Debt - IR Insider

India’s Oil Buyers Squeezed by $123 Crude and Weak Rupee

Can Gold Hold Its 2026 Lows as Silver Breaks Below Its Own? - FOREX.com

Lula faces a fiscal reckoning after Brazil’s market rout