Iranian economic collapse may come too late for Trump
Iran's economy is under severe strain from a US blockade and regional conflict, yet the country has so far avoided immediate collapse by relying on internal resources, cross-border trade, and its 'resistance economy' model. Despite a sharp drop in oil exports and currency devaluation, there are limited signs of acute fiscal stress as the government maintains basic services and imports. With talks for a lasting ceasefire stalled and the Strait of Hormuz still closed, Iran appears prepared to endure prolonged economic pressure in its standoff with the US and Israel.
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Iranian economic collapse may come too late for TrumpSign up now: Get ST's newsletters delivered to your inboxA billboard with a graphic design about the Strait of Hormuz on a building, in Tehran, Iran, on April 27.PHOTO: REUTERSPublished Apr 30, 2026, 07:58 PMUpdated Apr 30, 2026, 09:08 PMListenDUBAI – Weeks of conflict have aggravated Iran’s dire economic problems, risking calamity after the war, but the Islamic Republic looks able to survive a stand-off in the Gulf for now, despite a US blockade that has cut off energy exports.
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