War weighs on Iran’s economy as US intensifies sanctions - Business Recorder
War weighs on Iran’s economy as US intensifies sanctions - Business Recorder
Source: Business Recorder
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DW NOTE
Iran's economy faces simultaneous pressure from U.S. sanctions and the Strait of Hormuz closure it engineered. The country has cut off 85% of its own primary export route while Washington tightens financial restrictions. The BOJ bought ¥6.2 trillion last quarter to defend its yield cap; Iran is discovering that geopolitical leverage costs more than anticipated when your own revenue depends on the chokepoint you've closed.