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Economy And Environment

All articles tagged with #economy and environment

economy-and-environment1 month ago•22 min saved

Iran’s Economic Collapse: Credit Purchases, Scavenging, and a 300% Inflation Rate

Iranian households are facing a severe economic crisis marked by hyperinflation, currency devaluation, and the necessity of buying basic goods on credit. The rial has lost over 63% of its value against the dollar since March 2026, with food inflation exceeding 127%. Residents in Tehran’s southern districts are queuing for chicken scraps and scavenging for food, while shopkeepers report that credit extensions are failing as customers cannot repay. The crisis is driven by a combination of US naval blockades, international sanctions, and domestic mismanagement, leading to a 'no war, no peace' status quo that is eroding long-term economic resilience.

via Iran International|

#cost-of-living #currency-crisis #economy-and-environment

economy-and-environment2 months ago•20 min saved

Iran Weighs Fuel Rationing Amid War-Induced Supply Crisis

Iranian officials are evaluating three rationing strategies to address a daily gasoline deficit of 14 million liters, caused by war damage and import restrictions. While the government avoids price hikes to prevent unrest, new quotas for older vehicles and regional shortages are sparking public backlash and economic strain.

via Iran International|

#economic-sanctions #economy-and-environment #energy-policy

economy-and-environment4 months ago•20 min saved

Frozen assets spark a potential Iran–US trade thaw

A new US proposal would use frozen Iranian assets to purchase American goods, a move that could offer limited economic relief and a possible opening with Iran while avoiding direct cash transfers; analysts caution that strict oversight is needed to prevent misuse or bolstering the IRGC, and that any real change depends on ongoing negotiations, compliance, and broader diplomacy amid a shift from maximum pressure toward incentives.

via ایران اینترنشنال|

#economy-and-environment #frozen-assets #iran

economy-and-environment5 months ago•16 min saved

Iran taps Oman as trade route to skirt Hormuz blockade

Iran is using Oman’s Musandam port, particularly Khasab, as a back channel to move goods into the country after the Strait of Hormuz blockade. Cargo from the UAE is unloaded at Oman and reloaded onto Iranian vessels, with the route expanding to include other Omani ports. The workaround is far more expensive—about six times the previous UAE-to-Iran route—reflecting how the blockade is forcing trade into longer, costlier, and less predictable channels, while indicating the limits of Iran’s ability to bypass restrictions.

via ایران اینترنشنال|

#blockade #economy-and-environment #hormuz