Seven months into war with the US, Iran’s leaders are feeling the strain.
Inflation in the Islamic Republic is almost 9 | Hanami
Seven months into war with the US, Iran’s leaders are feeling the strain.
Inflation in the Islamic Republic is almost 90%, oil flows through the Strait of Hormuz are recovering despite the threat of Iranian attacks, and President Donald Trump is sending another aircraft carrier and 10,000 sailors and Marines to the region. A US blockade is choking off Iran’s crude exports, while diplomacy remains deadlocked.
Even for a regime accustomed to sanctions and economic hardship, that is a punishing combination.
The squeeze matters because it could force Iran into a choice: make concessions to try to revive peace talks or escalate a conflict that’s already damaging its economy. Trump’s domestic situation will likely influence Tehran’s thinking. The US leader also is in a bind, with oil around $100 a barrel and high fuel prices hurting US consumers ahead of the November midterm elections. #oott https://www.bloomberg.com/news/articles/2026-10-03/pressure-builds-on-iran-as-trump-expands-us-military-presence