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Tehran Faces Historic Economic Crisis
Iran has acknowledged that its economy is suffering from an unprecedented crisis due to intensified U.S. sanctions and escalating domestic unrest, including the devaluation of the rial, the resignation and dismissal of ministers, and increased social protests. The country faces depletion of its financial and oil resources as a result of sanctions and a naval blockade, leading to an unprecedented fuel shortage, inflation, and a decline in living standards. International isolation continues, and the performance of government and energy sectors deteriorates. The government is implementing new measures to address the crisis, while a political solution remains unavailable amid stalled negotiations with Washington.
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