Country: IR | Published: 2026-09-16
Iran's conflict with the US is settling into what markets increasingly treat as a prolonged standoff, with Washington layering fresh sanctions on Tehran and Treasury officials desc
Iran's conflict with the US is settling into what markets increasingly treat as a prolonged standoff, with Washington layering fresh sanctions on Tehran and Treasury officials describing an intensified economic isolation campaign. The war's costs keep stacking up, with the Pentagon flagging depleted weapons stockpiles and the Congressional Budget Office tallying a multibillion-dollar bill, while Houthi attacks near Mecca pull Saudi Arabia deeper into the fray. Oil prices eased as traders weighed rising US inventories against the risk premium, and Beijing hosted Iranian and Chinese foreign ministers ahead of a US-China leaders' meeting, keeping diplomacy alive on multiple tracks.