Iran announced a strong response to U.S. economic pressures and sanctions, describing the situation as an « economic siege. » The Iranian Ministry of Interior, through spokesperson Zainvand, confirmed this stance amid rising tensions between the two countries. Markets currently price only a 30.5% likelihood of normal maritime traffic resuming in the Strait of Hormuz by December 31. Any potential disruption of this strategic chokepoint would have major consequences for global shipping routes. Key actors to watch include Ayatollah Khamenei and U.S. Central Command.
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