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Iranian military spokesman Abulfazl Shakerchi says Iran retains the initiative in the Strait of Hormuz, labeling US claims of escorting tankers and removing oil as propaganda. The report is from IRNA and not independently corroborated within the provided material.
Read storyThe provided content summarizes a report (cited by IRNA from Axios) alleging that a war with Iran has driven a global surge in fuel prices, with widespread economic and political repercussions. It cites IMF/IEA concerns and regional examples (notably Kenya) to illustrate vulnerabilities, while stressing policy trade-offs between consumer subsidies and fiscal stability. The material is second-hand and contingent on the Axios reporting, with multiple caveats about data independence and context.
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