Recent statistics have shown sharp increases in housing rents and other essential costs as inflation soars amid Iran's worst economic crisis since the founding of the Islamic Republic.
Iranian President Masoud Pezeshkian reiterated his campaign pledge this week to invite foreign experts to help address the country’s economic crisis, as his administration struggles with soaring inflation, severe shortages, and a collapsing currency.
The US dollar surged past the 700,000 rials mark on Saturday again, reversing a brief period of relative stability, after Iran was censured for lack of cooperation with the UN's nuclear watchdog this week.
President Masoud Pezeshkian, in a speech on Friday, highlighted Iran’s significant shortcomings and shortages across various sectors, warning that in some areas, “we are standing on the edge of an abyss.”
Iran's growing gas deficit stems from rising consumption, driven by 8,000 MW of new thermal power plants and increased household use, while gas production growth in the past three years has slowed to a third of the previous decade's rate.
Iran delayed cash subsidy payments for the last Iranian calendar month by a day citing insufficient funds, resulting in late payments for over 50 million people and underscoring the country's persistent economic malaise.
As power outages gain pace with the onset of winter, Iranians are venting their discontent and chronicling the impact of the blackouts on their daily lives in videos and voice notes shared to Iran International.
A Dutch law firm has helped Iran's oil industry evade US sanctions for years, according to an investigation by Netherlands’ BNR News Radio.
Over 32 million Iranians—more than one-third of the population—were living below the poverty line by March 2022 and are now grappling with food insecurity, according to a report by the Iran Chamber of Commerce Research Center.
Iran’s handwoven carpet exports, once thriving at $426 million annually, have plummeted to under $40 million in just seven years, prompting government intervention, amid sanctions and rising regional competition.
Labor and livelihood protests swept Iran on Sunday, as nurses, emergency personnel, retirees, and public transportation drivers highlighted dissatisfaction with the government’s economic and social policies.
The Iranian government has mandated increases in household gas tariffs while authorizing controversial measures to use mazut in power plants to offset the country's energy crisis.
Iran’s pistachio industry, long a source of pride and badly needed revenue, is grappling with an export crisis after the European Union rejected over two dozen shipments over the presence of fungal toxins.