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National News

The Economic Times

National / The Economic Times

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Iran's economy has been battered. Its leaders still think Trump will blink first

Iran's economy faces severe disruption from U.S. and Israeli strikes. Factories are shut, leading to mass job losses and soaring prices for essentials. The U.S. blockade further chokes imports and oil exports. Iran retaliates by threatening the Strait of Hormuz, a vital global energy route. The nation's self-reliance is tested as economic woes mount.

28 Apr 2026 11:33 pm