Dossier
Alpine Macro
Coverage of Alpine Macro in the Nexus archive.
- Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
Iran's president and central bank chief informed Supreme Leader Ayatollah Mojtaba Khamenei that the U.S. naval blockade is severely damaging Iran's economy, with dire warnings about budget crises and shortages. Officials were divided on signing a memorandum of understanding to reopen the Strait of Hormuz, leading to Khamenei's conditional approval. The U.S. is considering reimposing the blockade, which could further disrupt Iranian oil sales and escalate tensions.