Sanctions bite: Iran’s economy reels as prices surge and fuel queues return

TL;DR Summary
US sanctions under a new push have driven Iran into deeper economic distress, with swelling inflation, a plunging rial, and shortages that push up staples’ prices while fuel lines reappear; households cut back on basics as the state weighs subsidy reforms and grapples with smuggling, highlighting a widening gap between patriotic rhetoric and growing poverty despite six months of pressure.
- Iran’s economy in crisis as US launches new sanctions campaign The Guardian
- US plans to sanction another bank in effort to clamp down on Iran transactions, Bessent tells AP AP News
- World Mostly Shrugs Off Bessent’s Iran Sanctions Warnings Bloomberg.com
- Iran's president admits 'we have many problems' as the U.S. blockade chokes its economy Fortune
- US plans to sanction another bank to keep economic pressure on Iran Al Jazeera
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