Iran economic crisis deepens: Food prices soar, Rial at record low as US launches new sanctions
New Delhi, Aug. 31 -- Iran is facing a deepening economic crisis, with soaring food prices, a rapidly weakening currency, fuel shortages and falling purchasing power putting increasing pressure on households. The latest US sanctions campaign, dubbed "Operation Economic Outcast", comes as many Iranians are already struggling with an economy under severe strain.
According to The Guardian, the economic crisis has become a parallel battlefield for Iran's leadership, which is increasingly concerned that deteriorating living standards could trigger wider social unrest.
The sharp rise in the cost of basic goods has hit Iranian households particularly hard. Vegetable oil prices in August were reportedly 383% higher than a year earlier, while eg...
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