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But we saved everything 🙂.
The Iranian Rial fell to a new all-time low, according to Robin Brooks. Brooks stated that if the U.S. bombing campaign resumes in the coming days, which he considers very likely, it would add further depreciation pressure on the Rial and could lead to another discrete drop as the Iranian economy remains fragile.
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Earlier this week, Robin Brooks described how a VIX spike tied to S&P 500 options and AI debt concerns was relatively minor. He also reported that Persian Gulf oil exports have normalized, with recent price increases linked to temporary shipping cost pressures. These updates reflect Brooks' ongoing coverage of turbulent movements across markets and commodities.