Iran's economy has been battered. Its leaders still think Trump will blink first
Published on: April 28, 2026, 11:33 p.m. | Source: The Economic Times
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.
