Iran's economy strained but buoyed by oil revenues amid Middle East conflict

Iran’s economy is showing resilience in the face of escalating pressures from the ongoing conflict in the Middle East. Six weeks into the war, the sanctioned state continues to endure attacks on critical infrastructure, trade routes, and its industrial base. Yet, substantial oil revenues have provided Tehran with a financial lifeline, allowing it to weather the storm even as inflation and economic hardship spread among its citizens. The Strait of Hormuz has emerged as a pivotal hotspot in this e