Economic Impacts of Iran War
04-29-2026 | 07:16 AM
#1352
Perennial Reserve
Joined: Jan 2018
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TEHRAN, Iran (AP) — Iran’s national rial currency hit a record low Wednesday of 1.8 million to the dollar as a shaky ceasefire with the U.S. and Israel holds.
The rial had remained stable in the early weeks of the war that began Feb. 28, in part because there was little trading or imports.
The rial began to slide two days ago. Experts warn that its fall is likely to further fuel inflation in a country where many imported goods, from food and medicine to electronics and raw materials, are affected by the dollar rate.
A U.S. naval blockade during the ceasefire has increased pressure on Iran’s already battered economy, cutting into a key source of government revenue and hard currency by stopping or intercepting oil shipments.
Pakistani Prime Minister Shehbaz Sharif said Wednesday his government was continuing efforts to help ease tensions between the U.S and Iran following an initial round of direct talks on April 11.
The rial had remained stable in the early weeks of the war that began Feb. 28, in part because there was little trading or imports.
The rial began to slide two days ago. Experts warn that its fall is likely to further fuel inflation in a country where many imported goods, from food and medicine to electronics and raw materials, are affected by the dollar rate.
A U.S. naval blockade during the ceasefire has increased pressure on Iran’s already battered economy, cutting into a key source of government revenue and hard currency by stopping or intercepting oil shipments.
Pakistani Prime Minister Shehbaz Sharif said Wednesday his government was continuing efforts to help ease tensions between the U.S and Iran following an initial round of direct talks on April 11.
04-29-2026 | 09:00 AM
#1353
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From: Engines Turn or People Swim
04-29-2026 | 03:13 PM
#1356
Gets Weekends Off
Joined: Dec 2007
Posts: 6,193
Likes: 254
TEHRAN, Iran (AP) — Iran’s national rial currency hit a record low Wednesday of 1.8 million to the dollar as a shaky ceasefire with the U.S. and Israel holds.
The rial had remained stable in the early weeks of the war that began Feb. 28, in part because there was little trading or imports.
The rial began to slide two days ago. Experts warn that its fall is likely to further fuel inflation in a country where many imported goods, from food and medicine to electronics and raw materials, are affected by the dollar rate.
A U.S. naval blockade during the ceasefire has increased pressure on Iran’s already battered economy, cutting into a key source of government revenue and hard currency by stopping or intercepting oil shipments.
Pakistani Prime Minister Shehbaz Sharif said Wednesday his government was continuing efforts to help ease tensions between the U.S and Iran following an initial round of direct talks on April 11.
The rial had remained stable in the early weeks of the war that began Feb. 28, in part because there was little trading or imports.
The rial began to slide two days ago. Experts warn that its fall is likely to further fuel inflation in a country where many imported goods, from food and medicine to electronics and raw materials, are affected by the dollar rate.
A U.S. naval blockade during the ceasefire has increased pressure on Iran’s already battered economy, cutting into a key source of government revenue and hard currency by stopping or intercepting oil shipments.
Pakistani Prime Minister Shehbaz Sharif said Wednesday his government was continuing efforts to help ease tensions between the U.S and Iran following an initial round of direct talks on April 11.
04-29-2026 | 05:20 PM
#1358
Line Holder
Joined: Jul 2021
Posts: 621
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200 dollars!! Is this gonna be “the big one”? Do we start packing a Python or S&W? Time to start rewatching Mad Max movies.
04-29-2026 | 05:28 PM
#1359
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Joined: Dec 2007
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The Oil market is like toilet paper. You don't realize how badly you need it until you run out. As long as there's still inventory to draw down here in the US there won't be panic
04-29-2026 | 05:34 PM
#1360
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Joined: Jul 2021
Posts: 621
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Asian cargoes are already loading in the $170s. They'll pay anything to prevent shutting down refiners which is an extremely expensive process.
The Oil market is like toilet paper. You don't realize how badly you need it until you run out. As long as there's still inventory to draw down here in the US there won't be panic
The Oil market is like toilet paper. You don't realize how badly you need it until you run out. As long as there's still inventory to draw down here in the US there won't be panic
It’s not real until we see Atlas flying KC-46s to China to keep Amazon production lines moving.
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