{
  "id": 3056104,
  "title": "Nahost: Der Iran gibt sich unnachgiebig – aber kann er gegen Trumps Wirtschaftskrieg bestehen?",
  "url": "https://urgent.news/2026/08/24/nahost-der-iran-gibt-sich-unnachgiebig-aber-kann-er-gegen-trumps",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T15:46:31.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/politik/international/nahost-der-iran-gibt-sich-unnachgiebig-aber-kann-er-gegen-trumps-wirtschaftskrieg-bestehen/100249227.html"
  },
  "original_language": "de",
  "account": "Iran appears resolute in its defiance, yet the question remains: can it withstand President Trump's economic war? The Islamic Republic has warned of an unprecedented economic war and isolation. However, its ability to succeed remains uncertain, according to Mahdi Ghodsi of the Vienna Institute for International Economic Comparisons (WIIW). The theocratic regime prioritizes ideology over economic development and public welfare, he explains. Nevertheless, signs of internal discord emerge, with a divide between hardliners and those advocating for compromise. President Masoud Pezeshkian recently acknowledged Iran's dire economic situation, stating that the country faces \"a comprehensive economic, military, and security war.\" This has led to shortages in water, electricity, gas, and gasoline supplies. Recent statements from Iranian leaders emphasize the need to end the war and demonstrate victory to the world. President Mohammed Bagher Ghalibaf highlighted the economic difficulties: \"Regardless of our military strength, if our people suffer and there is a lack of money circulation and economic growth, we won't make progress.\" Meanwhile, he shared a comic on X suggesting that intensified sanctions would hit the US like a boomerang. Iran's economic condition has worsened due to longstanding sanctions. The national currency has plummeted to a record low, with annual inflation expected to reach 90 percent, a historic high, according to Ghodsi. The United States aims to impose the toughest sanctions in history, as stated by Finance Minister Scott Bessent, likening the situation to a \"Economic D-Day.\" Bessent, like Trump, mentioned secondary sanctions against countries continuing trade with Iran. The United Arab Emirates has already announced the cessation of all trade with Iran \"until further notice.\" The UAE was one of Iran's largest trading partners before the war, accounting for nearly 13 percent of the country's total exports and 30 percent of its imports. The key hub for Iran's economy is Dubai, where around 20,000 Iranians lived prior to the war, facilitating trade with Europe via intermediaries. Now, the new Revolutionary leader Mohammad Chamenei has built an \"immigration empire\" in both Britain and Germany. Iran's economy heavily relies on oil revenues, but industrial sectors are under significant pressure due to the war and tighter blockades. Opec data shows Iran's daily crude oil production dropped from around 3.2 million barrels before the war to about 2.5 million barrels in July. Following a ceasefire in June, Iran temporarily increased exports, with estimates suggesting 1.5 to 2 million barrels per day. However, the situation has deteriorated significantly since then. Iranian Central Bank Governor Abdolnaser Hemmati declared in August that oil exports are \"practically halted,\" according to Bloomberg. Kpler data reveals only about 500,000 barrels of crude oil are currently exported daily, a 40 percent decrease from July. Approximately 90 percent of Iran's oil exports typically go to China. However, due to the effective US blockade, large quantities of oil remain on ships in the Persian Gulf, stuck there. Around 40 million barrels are currently stationed near Singapore, a major transshipment hub for deliveries to China. Bloomberg estimates that if this trend continues, China's buyers may have little to no Iranian oil by late September. The looming threat of US sanctions against China remains unclear, especially if China continues purchasing Iranian oil. Ghodsi points to the expected visit of Chinese President Xi Jinping to Washington, highlighting that China's trade with the US matters more than its trade with Iran. Additionally, both nations have a vested interest in reopening the Hormuz Strait, a crucial artery for global energy trade. The mullah regime in Tehran still holds this card, threatening to halt all oil exports through the strait and the Hormuz Strait if sanctioned.",
  "summary": "Der US-Präsident und sein Finanzminister haben einen ökonomischen „D-Day“ ausgerufen und wollen den Iran wirtschaftlich in die Knie zwingen. Aber spielt auch China mit?",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}