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Iran business leader admits U.S. blockade will inflict more economic damage than war, and the 'worst thing that could happen' is trying to evade it

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Iran business leader admits U.S. blockade will inflict more economic damage than war, and the 'worst thing that could happen' is trying to evade it
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Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it
Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it

The head of the Iran-China Joint Chamber of Commerce said “the consequences of the blockade far outweigh those of a direct war.”

By Jason MaAugust 15, 2026
What Bessent’s economic isolation of Iran could look like
What Bessent’s economic isolation of Iran could look like
By Magdalena Del Valle and BloombergAugust 15, 2026
Iran, Oman home in on Hormuz Strait deal as ship attacks mount
Iran, Oman home in on Hormuz Strait deal as ship attacks mount
By Arsalan Shahla, Sara Gharaibeh, Catherine Lucey and BloombergAugust 15, 2026
Iran says the Strait of Hormuz is shut down. The Trump administration says 9 million barrels a day are still getting out
Iran says the Strait of Hormuz is shut down. The Trump administration says 9 million barrels a day are still getting out
By Jason MaAugust 14, 2026
Hunt for AI-proof trades turns convenience shops into hot stocks
Hunt for AI-proof trades turns convenience shops into hot stocks
By Norah Rami and BloombergAugust 14, 2026
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A proposed clean-energy rule could shake up corporate America—and your portfolio
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Seven ways college students can manage their finances — because money decisions impact financial security when starting a first job after graduation
By Adriana Morga and The Associated PressAugust 15, 2026
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Scott Bessent fired a currency bazooka, but global finance still looks like a ‘giant Jenga tower’ propped up by a Japanese yen that’s in deep trouble
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Trump administration tells Supreme Court that ballroom construction must go on despite order to stop, citing recent missile threat on Air Force One
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Trump administration tells Supreme Court that ballroom construction must go on despite order to stop, citing recent missile threat on Air Force One
By Michael Kunzelman, Lindsay Whitehurst and The Associated PressAugust 15, 2026
‘I’ll never apologize’ — Trump brushes off Iran war’s impact on oil prices and calls aircraft carrier’s 240+ days at sea ‘not nearly long enough’
Politics
‘I’ll never apologize’ — Trump brushes off Iran war’s impact on oil prices and calls aircraft carrier’s 240+ days at sea ‘not nearly long enough’
By Konstantin Toropin, Aamer Madhani and The Associated PressAugust 15, 2026
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Regular gasoline is now $3.41 a gallon, up 43 cents since Trump launched his war on Iran, as oil prices soar 36% from a week ago
Energy
Regular gasoline is now $3.41 a gallon, up 43 cents since Trump launched his war on Iran, as oil prices soar 36% from a week ago
By Cathy Bussewitz and The Associated PressMarch 7, 2026
An explosion in Tehran.
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Oil and gas shutdowns in Iraq and Kuwait widen the Iran war’s impact on energy prices, while the U.S. lines up insurance and naval escorts in response
By Jordan BlumMarch 7, 2026
Saad Sherida al-Kaabi, Qatar's Energy Minister
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Iran conflict could ‘bring down the economies of the world,’ warns one of the Middle East’s biggest energy exporters
By Tristan BoveMarch 6, 2026
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Bypassing Hormuz: how technology, not territory, will win the new energy war
By Siddharth MisraMarch 6, 2026
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Critical minerals demand snowballed to $2.5 trillion last year and could triple by 2030, UN projects
By Edith M. Lederer and The Associated PressMarch 6, 2026
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Hung up on Hormuz: the old-world order of oil was just shattered by the closing of Iran’s key global chokepoint
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I help manage one of the world’s most constrained supply chains, up close to the defining energy bottleneck of the decade
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The Iran conflict will be the ’straw that breaks the camel’s back’ for the U.S. economy if it goes on much longer, Nobel laureate Paul Krugman warns
By Tristan BoveMarch 6, 2026
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Trump has been pushing India to stop buying Russian oil, but he just cut off their massive supply from Iran
By Anton L. Delgado, Aniruddha Ghosal and The Associated PressMarch 5, 2026
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Bill Gates-backed firm gets permission to build sodium-cooled nuclear reactor in Wyoming
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Asia faces an energy shock from the Iran war and a closed Strait of Hormuz, as governments halt exports and draw down stockpiles
Energy
Asia faces an energy shock from the Iran war and a closed Strait of Hormuz, as governments halt exports and draw down stockpiles
By Angelica AngMarch 5, 2026
Photo: Volunteers stand amid the debris of destroyed buildings at the site of an Israeli airstrike in the southern Lebanese city of Nabatieh on March 5, 2026. Israel launched on March 5 a fresh wave of strikes on Iran, which stepped up its attacks on Gulf nations Qatar and Bahrain, as the Middle East war spread throughout the region and beyond. (Photo by Mouhammad al-ZANATY / AFP)
Politics
In the Iran war, it’s not the oil that’s important—it’s the water
By Jim EdwardsMarch 5, 2026
A family sits against the backdrop of a dockyard off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on February 25, 2026. (Photo by Giuseppe CACACE / AFP via Getty Images)
Energy
Trump pledged the ‘free flow of energy’ from the Middle East, and he has a week to show progress before prices really spike again
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Air France will suspend flights to Havana after the U.S. Venezuela strike chokes Cuba’s oil lifeline
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Air France will suspend flights to Havana after the U.S. Venezuela strike chokes Cuba’s oil lifeline
By The Associated PressMarch 4, 2026
President Donald Trump gesturing during his State of the Union address
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Despite a $200 billion price tag, Trump admits the Iran war could just swap one bad leader for another
By Tristan BoveMarch 4, 2026
Wilbur Ross, former US commerce secretary.
Middle East
The U.S. has shown China and Russia ‘who really is a military power,’ says Trump’s ex–commerce secretary. Don’t expect them to get involved in Iran
By Eleanor PringleMarch 4, 2026
A view of the liquefied natural gas (LNG) production facility in Qatar's Ras Laffan Industrial City. Photo: Stringer/dpa (Photo by Stringer/picture alliance via Getty Images)
Energy
U.S. oil and gas exporters can’t fill the Middle East supply gap, but Trump’s pledge to insure and protect tankers stems the tide on surging prices
By Jordan BlumMarch 3, 2026
Economist Mohamed El-Erian
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Top economist Mohamed El-Erian warns of stagflation gripping the entire world economy the longer the Iran war goes on
By Tristan BoveMarch 3, 2026
Why the stock market thinks the Iran war will last 4 weeks, according to Goldman’s head of oil research
Energy
Why the stock market thinks the Iran war will last 4 weeks, according to Goldman’s head of oil research
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Economy
Jamie Dimon has a feeling inflation will be the ‘skunk at the party’—and the Iran conflict may already be enough to scare off the Fed for good
By Eleanor PringleMarch 3, 2026
The Strait of Hormuz is a critical choke point for global energy markets, but there are ways to get around it
Energy
The Strait of Hormuz is a critical choke point for global energy markets, but there are ways to get around it
By Jason MaMarch 2, 2026
Commercial vessels in the Persian Gulf
Energy
Energy markets offer ‘relatively small reaction’ to Iran war, but prices could spike if oil and gas aren’t flowing by the end of the week
By Jordan BlumMarch 2, 2026
A woman stands with her hand on her hip as she pumps gas into her car.
Energy
Oil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but ‘three times the scale,’ analyst warns
By Sasha RogelbergMarch 2, 2026
A commercial ship anchored off the coast of Dubai.
Energy
The war in Iran could lead to a ‘guaranteed global recession’ because of one chokepoint that is crucial to the world economy, analyst says
By Tristan BoveMarch 2, 2026
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
Middle East
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
By Jason MaMarch 2, 2026
oil
Energy
Oil prices spike above $70 per barrel as Iran’s Straight of Hormuz grows tangled
By David McHugh and The Associated PressMarch 2, 2026
President Donald Trump (C) oversees "Operation Epic Fury"
Economy
Trump’s action against Iran is yet another wobble for government debt, warns UBS
By Eleanor PringleMarch 2, 2026
European markets slide as Iran ‘war trade’ joins the global AI ‘scare trade’
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European markets slide as Iran ‘war trade’ joins the global AI ‘scare trade’
By Kamal AhmedMarch 2, 2026
An intercepted projectile falls into the sea near Dubai's Palm Jumeirah archipelago on March 1, 2026. The United States and Israel launched strikes against Iran on February 28, killing Iran's supreme leader and top military leaders, prompting authorities to retaliate with strikes on Israel and US bases across the Gulf. (Photo by FADEL SENNA / AFP)
Energy
Stocks enter global selloff, but some on Wall Street are looking for assets that respond well to war
By Jim EdwardsMarch 2, 2026
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Billionaire Home Depot cofounder Bernie Marcus' foundation donates nearly $30 million toward stem cell research for heart attacksplaceholder alt text
By Sydney LakeAugust 14, 2026
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$38 billion Twilio CEO wakes at 4:30 a.m., works Sundays, and runs laps around his house between meetings to blow off steamplaceholder alt text
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Iran business leader admits U.S. blockade will inflict more economic damage than war, and the 'worst thing that could happen' is trying to evade itplaceholder alt text
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