macro

Iran’s Currency Crisis Deepens as Dollar Surge Erodes Purchasing Power and Paralyzes Markets - irannewsupdate.com

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DW NOTE

Iran has kept the Strait closed for 189 days while its own currency collapses — the definition of a pyrrhic blockade. Shutting off 20% of global oil flows doesn't strengthen your negotiating position when your people can't afford bread and your forex reserves are being burned to defend an exchange rate you can't hold.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Iran’s Currency Crisis Deepens as Dollar Surge Erodes Purchasing Power and Paralyzes Markets - irannewsupdate.com

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