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Economy & Environment

Economics may decide outcome of Iran-US standoff

Economics may decide outcome of Iran-US standoff

The next phase of the Iran–US standoff may be decided not on the battlefield, but by how much economic pressure each side can withstand.

Soaring prices push medicine beyond Iranians' reach

Soaring prices push medicine beyond Iranians' reach

Medicine prices in Iran have surged sharply in recent weeks, with some drugs rising by as much as 380%, according to reports received by Iran International, as the country grapples with soaring inflation, a collapsing currency and worsening wartime disruption.

Even state media sounds alarm as Iran’s economy sinks

Iran’s worsening economic crisis is drawing unusually blunt warnings from state media and establishment voices as war, inflation and shortages squeeze households and expose the limits of the government’s response.

Iran currency plunges as dollar crosses 1.8 million in open market

The US dollar passed 1.81 million rials on Iran’s open market on Wednesday, rising nearly 8% in a single day as the country’s economic crisis worsened under the strain of maritime blockade, stalled diplomacy and mounting pressure on households.

Tehran is pricing out its daughters

Tehran is pricing out its daughters

For years, young women from smaller cities and conservative families came to Tehran to study, to work, to breathe. Now, one by one, many are being forced to leave.

Iran taps reserves again as inflation bites and layoffs mount

Iran taps reserves again as inflation bites and layoffs mount

Iran has once again tapped its sovereign wealth reserves to fund essential imports, highlighting the growing strain on an economy battered by war, inflation and a rapidly weakening currency.

Iran’s water crisis: Mafia or destruction by design?

Iran’s water crisis: Mafia or destruction by design?

Iran’s water crisis did not begin with a “water mafia,” but with a state model built on self-sufficiency, laws that gave the government broad control over water, subsidized water, and mega-projects that turned scarcity into a map of conflict.

Iran’s foreign trade suffers wartime collapse

Iran’s foreign trade suffers wartime collapse

Iran’s foreign trade has suffered a sharp contraction in the first month of war with the United States and Israel, newly released customs data show, signaling a severe blow to the country’s already fragile economy.

Why a blockade would not halt Iran’s oil overnight

Why a blockade would not halt Iran’s oil overnight

Amid Iran’s closure of the Strait of Hormuz and the ensuing US blockade, an old energy fantasy has resurfaced that cutting off a country’s oil exports works like flipping a switch. But reality is less cinematic and far more uncomfortable.

Is the US blockade working? It depends who you ask

Is the US blockade working? It depends who you ask

Recent tracking data suggesting Iran is still moving millions of barrels of crude despite a US naval blockade has raised fresh questions about the effectiveness of Washington’s effort to choke off Tehran’s oil exports.

The hidden target in US war on Iran may be China

The hidden target in US war on Iran may be China

As Washington and Tehran navigate a fragile ceasefire, one of the biggest questions looming over the conflict may not be about Iran at all—but China.

Iran’s economy after the March war: how bad can it get?

Iran’s economy after the March war: how bad can it get?

Iran’s economy is heading into a period of sharp deterioration following the March war, with mounting pressure from inflation, currency depreciation and damage to key industries raising the risk of a broader crisis.

Rapid deterioration of Iran-UAE ties threatens a critical trade lifeline

Rapid deterioration of Iran-UAE ties threatens a critical trade lifeline

Iran-UAE ties have unraveled over the past two months, beginning with Iranian airstrikes on Emirati targets during the US-led war and escalating into a crisis that now threatens one of Tehran’s most vital trade and financial channels.

Tehran stocks head for reopening, but it risks triggering a new crisis

Tehran stocks head for reopening, but it risks triggering a new crisis

After nearly two months of closure, Tehran’s stock market is preparing a phased reopening, but deep structural flaws, lack of transparency and uncertainty over US negotiations threaten to turn the restart into a fresh crisis.

Inflation spikes, basic goods slip out of reach for Iranians, citizens say

Inflation spikes, basic goods slip out of reach for Iranians, citizens say

Food prices surged and basic goods slipped out of reach across Iran, citizens told Iran International in recent days, describing shortages and daily price jumps following a ceasefire that has coincided with worsening economic conditions.

As Tehran digs in, ordinary Iranians pay the price

As Tehran digs in, ordinary Iranians pay the price

As uncertainty clouds the next round of Iran-US talks, the economic pain of the war is mounting inside Iran and beyond, increasing pressure on both sides to find a way out.

IRGC-linked media hints at threat to Persian Gulf undersea internet cables

IRGC-linked media hints at threat to Persian Gulf undersea internet cables

IRGC-linked Tasnim has pointedly mapped the Persian Gulf’s undersea internet cables and cloud infrastructure in what appears to be a thinly veiled warning that the region’s digital backbone may now be in Iran’s line of fire.

Strikes on petrochemical hubs leave Iran short of plastics

Strikes on petrochemical hubs leave Iran short of plastics

Iran is facing severe shortages of key petrochemical products after recent strikes on its main production hubs, according to two informed sources inside the country.

War or economic collapse: can Iran withstand the pressure?

War or economic collapse: can Iran withstand the pressure?

Iran’s economy is likely to buckle faster than the United States or the global economy under the combined pressure of war, sanctions, a US blockade and Tehran’s disruption of the Strait of Hormuz, experts said at Iran International’s townhall in Washington DC.

Top condom maker plans price hikes of up to 30% amid US-Iran war impact

Top condom maker plans price hikes of up to 30% amid US-Iran war impact

Malaysia’s Karex Bhd, the world’s largest condom producer, plans to raise prices by 20% to 30% and possibly more if supply chain disruptions linked to the Iran war persist, its chief executive told Reuters.

Scam messages seek crypto for ships’ safe passage through Hormuz, firm warns

Scam messages seek crypto for ships’ safe passage through Hormuz, firm warns

Fraudulent messages offering ships safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to some shipping companies, Reuters reported on Tuesday, citing a maritime security firm.

Bread shortages, soaring prices strain households in Iran, residents say

Bread shortages, soaring prices strain households in Iran, residents say

Bread shortages and steep price hikes are undermining access to a key staple for many in Iran, with citizen accounts received by Iran International describing long lines, flour shortages and prices far exceeding official rates.