Gray: US and Iran on Economic Collision Course

The article addresses the escalating economic tension between the United States and Iran, as they head toward a form of economic war of attrition. It notes the rise in fuel prices in America amidst American movements that are affecting bond and debt markets. The article suggests that the imposition of U.S. sanctions on Iran might push the latter toward the negotiating table. Additionally, reports predict that America's debt could reach $45 trillion before 2030. The piece also discusses the impact of these developments on the global economy, emphasizing ongoing economic challenges, sanctions measures, and financial crises.

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