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Iranians Stagger Under Soaring Costs of Seven Months of War
Households are cutting food, medicine and other essentials as private-sector job losses spread and black-market prices climb, Reuters interviews show.
- Ongoing war and a United States blockade cutting oil exports have severely strained Iran's economy, leaving citizens struggling to afford basic necessities like food and rent.
- Diplomatic efforts were partly spurred by these economic strains last week, as US sanctions restrict energy exports through the Strait of Hormuz, driving up global oil and gas prices.
- Residents across Tehran report drastic cutbacks, with grocer Ramin Yousefnia noting, "Something they used to buy five or 10 of, they can only buy two of now."
- Job losses are rising across the private sector, forcing families to relocate or cut essential spending, while restaurant owner Behnam Riazi reported, "I'm forced to sell my items with a very small and negligible profit."
- Despite widespread distress, citizens report too many daily worries to consider protesting, while Iranian authorities maintain strict control to prevent potential unrest across the country.
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Iranians stagger under soaring cost of living after seven months of war with the US
How far economic strain may push Iran towards diplomatic compromise is unclear, as it tightens its own stranglehold on Gulf energy exports through the Strait of Hormuz, driving up oil and gas prices.
·Jerusalem, Israel
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(Cairo=Yonhap News) Correspondent Kim Sang-hoon = As prices in Iran skyrocket due to the war continuing for seven months and the aftermath of massive U.S. sanctions, the daily lives of ordinary people...
·Seoul, Korea (the Republic of)
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Total News Sources11
Leaning Left1Leaning Right4Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
13%
C 37%
R 50%
Factuality
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