The Iran war has turned towards an economic crossfire, as the Trump administration has discussed maintaining its naval blockade of Iran's ports "for months if needed" and the Iranian rial hit a new historic low on Wednesday, trading at 1.8 million rials to the US dollar — a rate unthinkable before the war began in late February.
Trump told US media outlet Axios on Wednesday that he had no intention of lifting the blockade, rejecting Tehran's proposal to reopen the Strait of Hormuz in exchange for an end to the US naval siege of Iranian ports.
