1. Iran faces 90% inflation and US blockade as war with Washington enters seventh month

Iran faces 90% inflation and US blockade as war with Washington enters seventh month

World

  • Seven months into the war with the US, Iran faces almost 90% inflation and a US blockade of its ports.
  • Iran loaded no crude in September; its hold on the Strait of Hormuz is weakening, officials differ.
  • US President Donald Trump is sending another carrier and 10,000 troops as oil near $100 hurts him.
  • A Tehran official says Iran is adapting; analysts say it may concede or escalate.

Source: moneycontrol.com

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