Iran says oil has doubled, goods are rising fast, and more surprises are still in reserve.

Iranian Foreign Minister Araghchi said oil prices have doubled and that the prices of goods are rising quickly, while warning that Tehran is prepared for pressure on oil and nuclear facilities. It is the kind of statement that tries to do two things at once: describe economic pain and advertise strategic resilience.

The inflation angle matters because oil shocks do not stay inside oil. They spread into transport, food, industrial inputs and household stress. Once officials start talking openly about broader goods inflation, they are acknowledging that the crisis is no longer just military theatre. It is reaching the civilian economy.

The second part of the message is deterrence language. By saying Iran is prepared and has surprises left, Tehran is trying to project endurance under pressure. That raises the fear that infrastructure attacks and retaliation may still have more room to escalate.

Ex Insider’s read: this is the sort of rhetoric that keeps both energy markets and diplomats awake. It turns the conflict into an economic countdown as well as a military one.