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Iranian economy

Iran

Iran insists it controls Hormuz as rial hits record low and exports dry up

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Iran

Exclusive: How the US naval blockade is paralysing daily life in Iran

A Euronews Farsi exclusive shows how a reinstated US naval blockade is paralysing Iran’s trade, driving 70% inflation and pushing families into survival mode. From stranded cargo to empty tables, Iranian citizens speak out on the worsening humanitarian crisis.

Iran

Kilometre-long petrol queues in Iran signal further strain on Tehran

Lines formed outside Tehran petrol stations from midnight as a daily shortfall met with panic buying, while officials denied a shortage and said prices would have to change, without clarifying when or by how much.

Iran

Why Iranian women freeze eggs they may never be allowed to use

Single women in Iran can legally store frozen eggs but cannot use them without a husband, leaving many paying two months' salary for a procedure whose annual storage costs have quadrupled since 2022, in a country simultaneously pushing pronatalist policies and experiencing a 9% drop in births.

Economy

US Treasury enlists banks to target Iranian money laundering schemes

The US Treasury has directed banks to intensify their monitoring of Iranian money laundering networks that enable funds from sanctioned oil. The move is part of the wider strategy to pressure Iran into a deal as negotiations stall.

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Iran

Iranians at home torn between hope for regime change and war fears

People in Iran who spoke to Euronews said they were torn between hope for regime change and fear of devastation, while reflecting on US-Israeli strikes, rising hardship and fading support for war.

Economy

Iran raises minimum wage by 60% as war decimates household budgets

The Iranian regime has announced a 60% increase in the minimum wage as the country grapples with the ongoing war and record inflation.

Iran

Decades of absolute rule over Iran: Who was Ayatollah Ali Khamenei?

The most powerful man in Iran was killed on Saturday in US and Israeli air strikes on Tehran and his death leaves a power vaccum in the country. But how did Ali Khamenei rise to power and what is his legacy?

Economy

How is Iran’s Revolutionary Guard crushing the country's currency?

In Iran, access to a stable, state-set currency exchange rate is reserved for a privileged few — and economic networks linked to the Revolutionary Guard sit closest to the front of the queue.

Economy

Iran’s currency collapse sparks second day of protests

Protesters closed shops for a second day as the rial hit new lows on the free market, amplifying inflation fears and highlighting the widening gap between official and street exchange rates.

Business

How the rug got pulled from under Iran's traditional carpet weavers

The export of traditional Persian rugs from Iran, a market which once exceeded $2 billion, has plummeted to less than $50 million in the last year.

Iran

'We are no longer afraid': More protests sweep through Iran

Protests and strikes were reported across Iran on Saturday as demonstrations sparked by the death of Mahsa Amini enter their fourth week.

Iran

As Iran prepares to vote, economy and inflation top concerns

Iran’s next president will face the unenviable task of trying to fix an economy crushed by international sanctions, the coronavirus pandemic and sky-high inflation.

World

Iran supreme leader says protests were not carried out by the people

The remarks of Ayatollah Khamenei come as rights groups denounce a rising death toll, with at least 106 protestors killed during the unrest according to Amnesty.

Economy

US sanctions pressurise Iran

Following the massive protests in Tehran, the Iranian President Hassan Rouhani says America will fail to defeat the Iranian nation with economic pressure. Protests began in Iran’s capital on Sunday, over the rising prices and devaluation of the rial

Iran

Euroviews. View: America's dangerous game with Iran

"The Trump administration’s bombast toward Iran is, in a sense, par for the course. US foreign policy is littered with absurd, tragic, and hugely destructive foreign wars..."

Iran

Iran's post-sanction economy doing well one year after nuclear deal

Iran’s nuclear deal was signed at a time when the country’s political risks were high, and economic income and investment into financial corporations were…