Country: IR | Published: 2026-09-22
Iran's economy has officially contracted by roughly a tenth since the war began, and the pressure is spreading through daily life. Tehran has floated a deal to reopen the Strait of
Iran's economy has officially contracted by roughly a tenth since the war began, and the pressure is spreading through daily life. Tehran has floated a deal to reopen the Strait of Hormuz, which sent oil lower, while the US is threatening to shut down Iranian airlines worldwide and Iraq set a deadline to disarm Iran-backed militias. Escalation and negotiation are running in parallel, with energy flows and diplomatic channels both in flux.