Iran says U.S. blockade could hurt more than war, urges avoidant missteps

1 min read
Source: Yahoo Finance
Iran says U.S. blockade could hurt more than war, urges avoidant missteps
Photo: Yahoo Finance
TL;DR Summary

Majidreza Hariri, head of Iran-China Joint Chamber of Commerce, says the U.S. naval blockade would inflict more economic damage on Iran than direct war and warns that attempting to circumvent it could cripple the economy. He cites higher transport costs—per‑container rates rising from about $3,000 to $12,000 via land routes—potentially adding about $18 billion a year with 2 million containers moving through Iran, and notes Tehran could retaliate while seeking sanctions relief through negotiations as experts warn the economy is near collapse.

Share this article

Reading Insights

Total Reads

0

Unique Readers

5

Time Saved

12 min

vs 13 min read

Condensed

97%

2,50182 words

Want the full story? Read the original article

Read on Yahoo Finance