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Stock impact report

Iran is suffering in a stand off with the US – but may be betting Trump will blink first [CNN]

Planet Labs PBC Class A (PL) 
Company Research Source: CNN
crisis and its citizens grappling with rising food prices and surging unemployment. Yet unless Washington is prepared to impose its naval blockade for months longer, it will be difficult to completely dismantle an Iranian economy that has spent years adapting to US pressure and crippling sanctions. And as much as Iran is suffering, its leaders will be aware that Trump is under pressure too, with the US president facing growing backlash over the war domestically and crucial midterms looming. Tehran may have calculated that Trump will blink first. Only three months ago, the Iranian government was on the brink of collapse after people took to the streets nationwide to protest the poor handling of the economy. That same government was given a lifeline when the US and Israel launched its attacks, and it is now using the pretext of war to justify dire economic conditions to a nation of 92 million. Cars burn in a street during a protest over the collapse of the currency's value, in T Show less Read more
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