macro

US-Israel-Iran War Latest News: Iran Currency Crisis Worsens As Rial Hits Record Low Before US Sanctions Announcement - The Sunday Guardian

Source: The Sunday Guardian

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DW NOTE

The rial hits a record low not because of sanctions Washington hasn't yet announced, but because Tehran's foreign exchange reserves have been cut off from global oil revenue for 133 days. When the Strait stays shut and no crude flows out, no dollars flow in — currency collapse is arithmetic, not geopolitics.

Read the full story at The Sunday Guardian →

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

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