Country: IR | Published: 2026-09-21
Iran's standoff with Washington keeps hardening, with Tehran refusing to reopen the Strait of Hormuz until its demands are met, moving ground units to its borders, and trading warn
Iran's standoff with Washington keeps hardening, with Tehran refusing to reopen the Strait of Hormuz until its demands are met, moving ground units to its borders, and trading warnings with the US even as Qatar pushes mediation and a possible leaders' meeting at the UN stays on the table. The economic toll is mounting, with new figures showing GDP down over a tenth since the conflict began and the US urging Americans to leave the country. Crude oil's slide for a fourth straight day suggests markets are pricing in supply risk less than the headlines might imply, even as regional spillover into Yemen widens the conflict's footprint.