Devilish Details.
Doomsday trades.
1. Iranian authorities see the truce with the United States and Israel as a strategic victory, but they emerge battered and isolated with an economy in tatters, little prospect of rapid recovery and an impoverished, embittered population. After weeks of U.S. and Israeli strikes, many Iranians have lost their jobs. Prices have surged. Factories, power plants, railways, airports and bridges have been destroyed. And the critical trading relationship with Gulf states has been severed - maybe for decades. Even as Iran appears emboldened on the regional stage after exerting its control over crucial energy supplies, it faces mounting internal problems that might ultimately pose a greater threat to the Islamic Republic than Israeli or U.S. bombs. In interviews with Iranian political insiders, business owners and analysts, Reuters charted a country near the brink of economic collapse, its leaders fearful of a poorer, uncertain future. Always hovering in the background is the threat of another bout of nationwide street protests such as those that erupted in January which authorities eventually put down by killing thousands of people - a higher death toll than Iran has suffered during the war. (Source: reuters.com)
2. The Economist:
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