What lies ahead for Iran’s economy as scope of US war grows beyond Hormuz?

Tehran, Iran – Iran and the United States have returned to mediated talks, and their military action is temporarily suspended, but the war continues to impact international maritime corridors beyond the Strait of Hormuz as well as domestic markets.The near-total closure of the strategic waterway, disruptions in the Red Sea by the Iran-aligned Houthis in Yemen and Ukraine attacking an Iranian vessel in the Caspian Sea have all kept tensions high.Recommended Stories list of 4 itemslist 1 of 4Iran accuses Ukraine of deadly attack on Caspian commercial vessellist 2 of 4After Strait of Hormuz and Red Sea, has Iran war now reached Caspian Sea?list 3 of 4Iran’s government spars with state TV as mediators push talks with USlist 4 of 4Iran’s army issues warning ahead of Netanyahu’s US visitend of listIran’s government is also facing more tough choices, including a potential fuel price hike amid high social and economic discontent, as the US military enforces a naval blockade of the country’s southern ports for a second time.The Ministry of Petroleum said on Saturday that Iran has sold $11.5bn of crude oil during the war without specifying the exact dates and $6.5bn during the period of the ...