The fate of the Iranian economy is increasingly shaping debates about the country’s future—one that may prove decisive regardless of how its current political struggles unfold. Public frustration over rising living costs has once again spilled into protests across the country, shining a harsh light on how state resources are allocated and managed. As demonstrations […]
It’s the economy: grim livelihoods explain Iranian anger Read More »
The Iranian government has proposed a 63 percent increase in tax revenues in its draft budget for the next fiscal year, a move that underscores the Islamic Republic’s effort to redirect greater financial resources toward military, security, and religious institutions. Budget documents for the fiscal year beginning March 21, 2026, show that direct allocations to
Tax Increase in Iran to Finance the IRGC and Religious Institutions Read More »
Iran experienced one of its worst economic and energy crises in 2025. Negative economic growth coincided with 49 percent inflation, shortages and rationing of energy and water, a collapse in the value of the national currency, an unprecedented government budget deficit, extreme urban air pollution, and a twelve-day war with Israel that inflicted heavy damage on Iran’s nuclear program—along with
The Year in Review: Iran’s Deepening Economic Crisis Read More »
The Iranian rial has resumed falling at an increasingly rapid pace in recent days, with new record lows set almost daily. The Iranian currency has lost 20 percent of its value in just one month, with the U.S. dollar now trading at around 1.32 million. During this same period, the official data and domestic media
Iran’s currency collapse accelerates as inflation surges Read More »
ran’s Central Bank’s latest quarterly report shows capital flight hit a historic peak in the spring of 2025, underscoring the depth of the country’s financial strain. The report, published on the Bank’s website, puts the capital account balance in the first quarter of the fiscal year (beginning March 21) at around minus $9 billion, the
Double squeeze: Iran faces record capital flight as oil revenues fall Read More »
Dalga Khatinoglu Oil, gas and Iran economic analyst A new report by Iran’s Statistical Center (ISC) reveals a sharp acceleration in food inflation, hitting millions of families where it hurts most. According to the report, food prices in September rose by nearly two-thirds compared to the same month last year, with the cost of grains,
Iran’s runaway inflation empties tables, pushes children out of school Read More »
