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Iran internet blackout enters 72nd day, NetBlocks says

May 10, 2026, 08:56 GMT+1

Iran’s internet blackout entered its 72nd day on Sunday, with connectivity flatlining after 1,704 hours, internet monitor NetBlocks said.

“The unprecedented measure is well into its third month with no indication of a wider restoration as authorities bar the general public from international access,” it added in a post on X.

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Drug prices jump up to 400% as shortages strain Iranian pharmacies

May 10, 2026, 08:35 GMT+1

Prices for some medicines in Iran have surged by as much as 400% and pharmacies are struggling to supply critical drugs to patients, a pharmacists’ association official said on Sunday.

Mehdi Zahmatkesh, head of the Pharmacists Association in Razavi Khorasan province, told the state news agency IRNA that shortages were affecting medications for cancer, MS, dialysis, transplant, hemophilia, cardiac, respiratory and psychiatric patients.

“We have faced price increases ranging from 20% to 400% for some medicines,” Zahmatkesh said, attributing the worsening crisis to the removal of subsidized foreign currency and damage caused by the recent war.

The remarks add to growing signs of strain in Iran’s healthcare sector, where citizens and pharmacists have increasingly reported difficulties obtaining essential medication.

Pharmacies struggle with unpaid insurance claims

Pharmacies, Zahmatkesh said, were also facing severe liquidity problems because insurance providers had failed to pay outstanding debts worth between 500 billion and four trillion rials (between $283,000 and $2.26 million).

  • Drug shortages, price surge hit patients across Iran

    Drug shortages, price surge hit patients across Iran

“With the sharp increase in medicine prices and delayed payments from insurers, pharmacies are facing difficulties supplying medicine for hard-to-treat patients,” he said.

Zahmatkesh urged insurance organizations to settle pharmacy claims within the legally mandated 45-day period so pharmacies can maintain enough cash flow to purchase medicine.

The official’s comments came days after Etemad newspaper quoted Iranian Pharmacists Association spokesman Hadi Ahmadi as saying medicine prices had increased between 30% and 300%.

Ahmadi linked the surge to shrinking government resources for subsidies and reduced capacity to support medicine production and imports.

Customers wait inside a pharmacy in Iran amid rising medicine prices and shortages of some drugs across the country.
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Customers wait inside a pharmacy in Iran amid rising medicine prices and shortages of some drugs across the country.

Citizens report worsening shortages

In recent weeks, citizens have sent messages to Iran International describing worsening shortages, steep price increases and growing financial hardship.

“Medicine is impossible to find,” one citizen told Iran International. “After searching through 100 pharmacies, even if we find the drug we need, we have to buy it at full price because insurers haven’t paid pharmacies. It’s a disaster.”

Reports received by Iran International also point to rising shortages of psychiatric medication, with some patients and pharmacy workers saying people have been forced to stop or alter treatment because drugs are unavailable or unaffordable.

  • Soaring prices push medicine beyond Iranians' reach

    Soaring prices push medicine beyond Iranians' reach

The latest complaints come as Iran continues to face high inflation, a weakening currency and deepening economic stagnation that have sharply increased living costs for many households.

Healthcare costs weigh on low-income families

Zahmatkesh called for broader insurance coverage to reduce the burden of healthcare costs on patients, particularly low-income families already struggling with inflation and declining purchasing power.

Despite a 45% increase in the minimum wage this year, according to Etemad, the sharp fall in the value of the rial has made treatment costs increasingly unaffordable for poorer households.

Saudi Aramco Q1 profit beats forecasts on oil price surge - Bloomberg

May 10, 2026, 08:07 GMT+1

Saudi Aramco reported a rise in first-quarter profit on Sunday that exceeded analysts’ expectations after the Iran war drove up prices for oil and refined fuels, Bloomberg reported.

Adjusted net income rose 26% from a year earlier to nearly 126 billion riyals ($33.6 billion) in the first quarter, the report said, citing a company statement.

Analysts had expected profit of 109 billion riyals, according to the report.

Qatar LNG tanker exits Hormuz in first export since Iran war - Bloomberg

May 10, 2026, 07:41 GMT+1

A tanker carrying liquefied natural gas from Qatar transited the Strait of Hormuz in the country’s first apparent export out of the region since the Iran war began, Bloomberg reported on Sunday.

The Al Kharaitiyat loaded at the Ras Laffan export plant earlier this month before exiting the strait, ship-tracking data compiled by Bloomberg showed.

It added that the vessel was in the Gulf of Oman and listed Pakistan as its next destination.

Panama Canal revenues rise 15% amid Iran war disruption - FT

May 10, 2026, 07:22 GMT+1

Panama Canal revenues rose as much as 15% after global trade disruption caused by the Iran war diverted more ships to the Central American waterway, the Financial Times reported on Sunday.

Panama Canal CFO Victor Vial told FT that daily transits had risen by as much as 20% since the conflict began in late February.

“Our sales are up, definitely,” Vial said. “We were moving 34 daily transits before the conflict. Now we’re moving an average of 38 and we have days of 40 and 41 transits.”

Bulk carrier hit by projectile near Qatar

May 10, 2026, 06:41 GMT+1

A bulk carrier sailing 23 nautical miles northeast of Doha was struck by an unidentified projectile on Sunday, the United Kingdom Maritime Trade Operations (UKMTO) said.

The impact caused a small fire that was later extinguished, with the vessel’s master reporting no casualties or environmental damage, according to UKMTO.

Authorities are investigating the source of the projectile. UKMTO advised vessels in the area to transit with caution and report any suspicious activity.