Gray: US and Iran face economic clash

Reports indicate that the United States and Iran are heading toward an economic war of attrition, with fuel prices rising in the U.S., harming the efforts of the Trump administration as elections approach. Experts predict that this escalation could lead to an economic crisis affecting the bond markets and financial growth on both sides, with the U.S. taking steps to impose further sanctions on Iran in an attempt to push it toward negotiations. Meanwhile, economic volatility is increasing due to repeated attacks on vital facilities in Libya and falling oil prices, at a time when the economies of Palestine and Tunisia are suffering from deep financial and political crises.

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