Neither the US nor Iran is blinking in their economic brinkmanship
Washington wants to cripple Teheran’s economy, but it could have unintended consequences
Add BT as a preferred source
SIX months into the Iran war, the missiles have been fired and gone quiet in stretches, and the Strait of Hormuz has opened and closed and opened again.
A ceasefire memorandum signed in June collapsed mere weeks later, and has since expired without signs of renewal, though talks between the US and Iran are reportedly still taking place.
But the fight that never pauses is the one being waged in ledgers, oil manifests and currency markets. Call it what it is: a game of chicken, and the weapon of choice on both sides is the other side’s economy.
TRENDING NOW
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
