Iran’s economy in freefall: state media sounds alarm as war and inflation bite

Iran’s economy in freefall: state media sounds alarm as war and inflation bite

Iran’s economy is collapsing under the weight of war, hyperinflation, and shortages, with state media now openly demanding government accountability.

Iran’s deepening economic crisis has reached a breaking point, with the dollar surging above 1.8 million rials and everyday staples becoming unaffordable for millions.

In a rare moment of public accountability, a state TV anchor confronted the government directly: “What is going on in this country, Mr. Pezeshkian?”

A former petrochemical worker described the human cost bluntly: “We have reduced our food consumption to one meal a day, and even that is barely manageable.”

The government’s response — allowing credit shopping at volunteer supermarkets — has been widely criticised as inadequate. The monthly subsidy offered is worth less than seven dollars per person.

Iran has since tapped $1 billion from its sovereign wealth fund for essential imports. Political analysts warn the situation could trigger “hunger riots whose intensity and violence would be entirely different from recent movements.”

READ MORE AT IRANINT’L

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