1 Day
Source:
The Guardian
Iran's economy faces crisis amid US sanctions
Iranians are experiencing severe economic hardship due to ongoing inflation, currency depreciation, and US sanctions. Food and fuel prices have soared, with inflation reaching over 84%, while the currency's value has plummeted, leading to shortages and declining purchasing power. Households are cutting back on basic goods, and petrol stations are frequently closed amid panic buying and government struggles to control smuggling and subsidies. The crisis has intensified public frustration and political concern over social stability.
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