US-Israeli aggression against Iran has triggered global energy shocks, market turbulence, and inflation, threatening the closure of the Strait of Hormuz, long-term supply chain disruption and economic instability.

Financial markets in key parts of the world continue to suffer from the war in Iran.

Crude oil prices have soared past $100 a barrel as stocks plunge amid the US-Israeli war on Iran.

Nearly a thousand years ago, in what is now southern Iran, steelmakers were producing a metal that modern science believed did not exist until the industrial age.

Iran's preferential exchange rate policy introduced in 2017 was meant to provide cheap dollars for essential goods, but it led to rent-seeking and inflation.

Iran and Russia sign a cooperation document and four memoranda of understanding (MOUs) in Tehran.

Iran and Russia are deepening strategic economic ties through energy, trade, transit, and financial cooperation amid sanctions and geopolitical shifts.