The American Times News | Economy, Geopolitics, Calculators

This article has been updated with the latest developments in the U.S.-Iran war, including Tehran's seven-day proposal to reopen the Strait of Hormuz, Washington's rejection of the proposal, the U.S. response later delivered through Qatari mediators, renewed diplomatic efforts, and the latest pressure on Iran's economy and energy trade. The U.S.-Iran war has now continued for more than seven months, with neither side showing signs of accepting the other's core demands. Iran remains under severe economic and military pressure, while Tehran continues to resist U.S. demands and keep diplomatic channels open. The latest development has shifted attention back to the Strait of Hormuz, where Iran has proposed a seven-day roadmap aimed at ending the fighting and reopening the strategic waterway. The proposal was presented through diplomatic intermediaries during the United Nations General Assembly in New York. Iran offered to begin implementing conditions from an earlier June m...

  Iran’s economic pressures have intensified sharply as the country enters the sixth month of war with the United States and faces a new American campaign to tighten financial and trade restrictions. Annual inflation reached 66% in July, while President Masoud Pezeshkian said Iranian imports and exports had fallen by nearly 35% because of U.S. sanctions and a naval blockade of Iranian ports. The figures underline how the conflict is affecting not only government revenues and oil exports but also the cost of food, access to foreign currency, business activity and the everyday purchasing power of Iranian households. Reuters The inflation figure needs some context. Iran’s Statistical Center reported annual inflation of 66% for the 12 months through July, up from 62% in June. At the same time, the point-to-point inflation rate — which compares prices in July 2026 with July 2025 — reached 87.9%. Food and beverage prices were even more severely affected, with food inflation reported at a...

Iran's economic crisis is becoming increasingly difficult to separate from the diplomatic struggle over the Strait of Hormuz. President Masoud Pezeshkian has said Iranian foreign trade has fallen by roughly 35% under the combined pressure of U.S. sanctions and the maritime disruption surrounding the war, while Reuters reported annual inflation of about 66%. At the same time, Tehran, Oman and other regional mediators are working on mechanisms that could restore some commercial navigation through Hormuz, even though there is still no comprehensive agreement with Washington. ( Reuters) The significance of the latest developments is that economic and maritime pressure are reinforcing one another. Sanctions make international payments, insurance and trade more difficult; reduced shipping through Hormuz constrains the movement of energy and other goods; and the war itself has damaged the confidence businesses need to plan imports, exports and investment. For Iran, the immediate challeng...