20 Hrs
Source:
CNN Arabic
Trump uses economic pressure on Iran
The article opens the file on Iran's escalating economic crisis, where the population is suffering from widespread poverty, rising debts, and soaring prices, leading to a decline in purchasing power and increasing unemployment rates. The report explains that the Iranian government is moving towards cutting fuel subsidies, which could further fuel inflation and ignite new protests, especially after previous price hikes triggered social unrest. Estimates indicate that the Iranian economy might face a recession of up to 6% this year, with expectations that the people's suffering will persist even if a tentative agreement is reached with Washington, particularly since current revenue sources from oil and frozen assets are at risk due to American sanctions. Additionally, the rising cost of living is forcing many to delay addressing their financial problems, further worsening the hardships faced by workers and the most vulnerable segments of society.
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