Global Geopolitics Digest

US-Iran Escalation and Economic Warfare

US-Iran Escalation and Economic Warfare

US imposes 'toughest in history' sanctions on Iran, calling it 'economic D-Day'. Iran's inflation hits 87.9%, rial collapses, and Tehran threatens to target assets of nations aiding US sanctions. New analysis indicates the war could last into 2027 as oil still leaks through the Strait of Hormuz via dark sailing. Oil prices have fallen ahead of sanctions, and market volatility is expected. Iran's leadership publicly acknowledges economic difficulties, framing it as an 'all-out war'. The geopolitical awakening around the Strait of Hormuz is reshaping global alliances.

Sources (5)
Updated Aug 24, 2026