- The new US sanctions campaign, Operation Economic Outcast, adds pressure to an Iranian economy already marked by runaway food inflation, closed petrol stations and declining purchasing power.
- Iran’s currency depreciation reflects a lack of foreign-exchange reserves, worsening the economic strain on households.
Quotes
“Iranians are facing runaway food inflation, closed petrol stations and a seemingly never-ending depreciation of the nation’s currency caused by a lack of foreign exchange reserves.”