War, sanctions and mismanagement push Iran's economy to the brink

1 min read
Source: Euronews.com
War, sanctions and mismanagement push Iran's economy to the brink
Photo: Euronews.com
TL;DR Summary

Six months into a US–Iran war and renewed sanctions, Iran’s economy is collapsing: the rial/toman has plunged, inflation is soaring, and a 100% fuel-price hike has squeezed households, drivers, and small businesses. With wages failing to keep up and domestic mismanagement cited as a major factor, ordinary Iranians are cutting essentials and bracing for possible unrest as prices outpace income.

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