Washington Examiner economics columnist Tiana Lowe Doescher said the economic impact of the Iran conflict reflects the effectiveness of President Donald Trump’s “maximum pressure” strategy.
“We’ve seen the fruits of this maximum pressure campaign actually bear out in that value of the rial,” Doescher said on Fox Business’s Mornings with Maria Monday, noting the Iranian rial has weakened from roughly 1 million rial to 1.8 million rial per U.S. dollar in the past year.
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The United States maintains a blockade on Iranian oil exports in the Strait of Hormuz, intending to cut off a major source of revenue for Tehran. Iran is losing hundreds of millions of dollars daily due to its inability to export oil.
Doescher argued that despite concerns about rising energy prices, broader market behavior suggests investors do not expect long-term disruption.
“If it really were financial Armageddon… there’s not a panic,” she said.
IRAN WAR IS US ‘TAKING OUT THE TRASH’: TIANA LOWE DOESCHER
Oil prices have climbed above $100 per barrel in recent weeks, but markets have largely stabilized, signaling lower prices over time. Treasury officials have also expressed optimism that increased global supply, including shifts following the United Arab Emirates’s exit from OPEC, could ease prices in the longer term.
Doescher said the current dynamics reflect a broader strategic advantage for the U.S.
