EconomyIran’s economy in crisis as US launches new sanctions campaign

Donald Trump’s “Operation Economic Outcast” is expected to deepen poverty in Iran, where food prices are soaring, the rial is collapsing and foreign-exchange reserves are scarce. Fuel shortages have closed petrol stations and created long queues, while families cut back on food, patch up clothing and delay medical care. Officials fear worsening conditions could trigger social chaos.

Iran economyUS sanctionsinflationfood prices

TThe Guardian★★★★☆2026-08-31 13:00Original