GeopoliticsNotableUnknownDeveloping
7.1
Iran's rial slides, import costs surge as war and US sanctions bite
Asharq Al-Awsat·IR · US·3 days ago
Social media videos show widespread market stagnation across Iran, with empty malls and soaring costs, indicating a deepening recession. The Iranian rial's depreciation and sanctions are likely compounding the downturn, though official data is scarce. This signals deteriorating economic conditions that could fuel domestic unrest and further isolate the regime.