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Iran’s economy is breaking under strikes and blockade while leaders bet on Trump blinking first
International
Published on 28 April 2026
Factories are shut as leaders wager Trump will blink
Iran’s economy is being hammered by U.S. and Israeli strikes that shut factories, trigger job losses, and drive up prices for essentials. A U.S. blockade is also restricting imports and squeezing oil exports. In response, Iran is threatening the Strait of Hormuz, a crucial energy chokepoint—testing how far self-reliance can stretch as the economic pain worsens.
- Strikes have shuttered factories, worsening unemployment and shortages
- U.S. blockade continues to choke imports and oil exports
- Iran’s Hormuz threat raises stakes for global energy routes
- Leaders are banking on political timing with the U.S.
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times