How does the recent escalation affect Iran's economy including railway lines?
Pressures on the Iranian economy have intensified due to increasing US airstrikes targeting a major railway line that transports goods between Iran and China, leading to a halt in navigation along this vital corridor. It is expected that this escalation will impact Iran's economic revenues and investments, especially in the North-South corridor, which is considered one of the most important geopolitical projects worldwide, stretching from India through Iran to Europe. Tehran relies on this route to strengthen its trade position. Additionally, these operations have caused a decline in maritime activity in the Strait of Hormuz, threatening the global oil market and increasing market uncertainty, according to the International Energy Agency.
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