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The Economic Times

Business / The Economic Times

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After six months, the Iran war has reached its endgame, a costly stalemate

The Iran war has reached a costly stalemate after six months of conflict. The Iranian government faces economic siege but believes it has time on its side. Tehran is betting that China and India will not fully comply with US sanctions. Washington's latest measures shift the battlefield to Iran's oil revenues and trading partners. Gulf states fear an outcome where Iran declares victory while disrupting vital oil routes.

27 Aug 2026 3:47 pm