21 Hrs
Source:
اقتصاد سكاي نيوز عربية
US sanctions in Iran succeed
The US maritime blockade successfully prevented Iran from exporting oil through the Strait of Hormuz for about seven weeks, marking the first time this has happened entirely. This led to a complete halt in Iranian oil sales to China, one of Iran's largest oil consumers. This disruption intensifies the pressure on Iran's financial resources and foreign reserves, and threatens to increase inflation by funding the government through money printing. Additionally, the Iranian currency has fallen to its lowest ever level, and the anticipated inflation rate has accelerated to around 70% for the year, reflecting the worsening economic crisis facing the country.
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