Iran is vulnerable to a Trumpian all-out economic assault
Oil prices are already at a five-month high
On November 25th the Elva, a tanker flagged in São Tomé and Príncipe, clandestinely picked up 2m barrels of Iranian crude off Malaysia’s coast. Sailing from there to north-east China, the vessel’s likely destination, usually takes two weeks at most—but not this time. On December 3rd, alleging the Elva had breached sanctions, America blacklisted the ship, exposing anyone dealing with it to punishment. Six weeks on, it is still stranded.
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This article appeared in the Finance & economics section of the print edition under the headline “Mullahs cornered”
Finance & economics January 18th 2025
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- Will Donald Trump unleash Wall Street?
- Iran is vulnerable to a Trumpian all-out economic assault
- Ethiopia gets a stockmarket. Now it just needs some firms to list
- Are big cities overrated?
- Why catastrophe bonds are failing to cover disaster damage
- “The Traitors”, a reality TV show, offers a useful economics lesson
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