Iran economy faces historic turmoil
Iran is facing an unprecedented economic crisis due to the decline in the value of the rial and the worsening cost of living. National Security Advisor Mohsen Rezaei stated that the country is going through one of the most difficult periods in its history, with the economy continuing to deteriorate after more than seven months of war and sanctions. The depreciation of the currency and a maritime blockade imposed by the United States have led to increased import costs and intensified the price crisis, resulting in widespread protests by workers and retirees suffering from low wages and pensions. Negotiations between Tehran and Washington remain stalled, while Iranian oil exports have significantly declined due to the blockade. With international restrictions ongoing, pressure on the Iranian economy continues to mount amid the escalating crisis.
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