Is Iran’s economy buckling under war pressure or holding up?
The Iran war has deepened the damage to its sanctions-hit economy, but oil revenues have provided a crucial cushion.

The Iran war has deepened the damage to its sanctions-hit economy, but oil revenues have provided a crucial cushion.



![A Havana local smokes a cigar on the Malecón - the city’s waterfront area. Both domestically and abroad, Cuban cigars are becoming an increasingly rare luxury. [Euan Wallace/ Al Jazeera]](/wp-content/uploads/2026/04/DSC02741-1775944580.jpg?resize=770%2C513&quality=80)
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A US move to block the strait has intensified a broader struggle over who controls access and under what terms.
Iran earned $5bn in oil exports in past month while it shut the strait for most other ships. That revenue is at risk.
The IEA’s oil ‘demand destruction’ report comes after its chief said unnamed countries are hoarding stocks.
Chinese-owned tanker Rich Starry becomes the first sanctioned vessel to exit the Gulf after the US blockade.
Shipping costs have increased by more than 10 percent in the past month due to the US-Israel war on Iran.
A new report lays out a blueprint for how more home construction would help the middle class and the overall economy.

Police have scaled up enforcement in the Indian city of Noida as a factory workers’ protest turns violent.
Growing gap between physical and on-paper oil prices points to more serious energy shock than appreciated, analysts say.
Activity picks up in Tehran’s Grand Bazaar compared with before the ceasefire, but vendors say sales remain slow.
Finance minister is favourite to win on Sunday as incumbent Talon will step down after leading the country for 10 years.