'Going Bankrupt': Iran Shopkeepers Struggle as War Dims Demand
Shopkeepers say customers are buying less as inflation nears 90% and food prices have more than doubled, squeezing household budgets.
- In Tehran, bazaar shopkeepers report empty aisles as the ongoing US-Iran war severely depresses consumer demand, marking a jarring shift for merchants fighting for survival against soaring costs.
- Conflict initiated by US-Israeli attacks and an American blockade has strained daily life in Iran, with inflation hitting nearly 90% in September and the rial trading at around 2.7 million to the dollar.
- Shopkeeper Nasir, 61, noted customers now buy one kilogram instead of five, while car mechanic Mojtaba Rezaei, 57, said his customer base dropped to a tenth because "goods now cost two or three times as much."
- Sportswear shop owner Ali Nowruzi, 36, described the situation as a "desperate, last-ditch struggle," noting manufacturers are filing for bankruptcy and families have cut leisure and dining from their lives.
- Iran's economy minister rejected predictions of imminent economic collapse, accusing the country's foes of attempting to drive up exchange rates and fuel public anxiety despite mounting pressure from the conflict.
12 Articles
12 Articles
Iranian shopkeepers 'going bankrupt' amid sanctions and war
Iranian shopkeepers 'going bankrupt' amid sanctions and war Iranian shopkeepers in Tehran say they are "going bankrupt" as the economic crisis deepens, compounded by sanctions and the US and Israeli war on the country. Residents say that markets used to be bustling with life, but have now become quiet as people struggle to keep up with soaring prices for daily goods. Iranian shopkeepers in Tehran say they are " going bankrupt" as the economic …
'Going bankrupt': Iran shopkeepers struggle as war dims demand
Iran's economy has been battered by years of sanctions, but the conflict that began in February with US-Israeli attacks and an American blockade of the country's ports has put extra strain on daily life.…
Arab News
The Frontier Post‘Going bankrupt’: Iran shopkeepers struggle as war dims demand
Tehran shopkeepers are witnessing a sharp decline in sales due to skyrocketing prices triggered by the US-Iran war, which has drastically reduced consumer demand.
Iran’s shopkeepers face ruin as war hits sales
At a Tehran bazaar where fragrant herbs and spices whet the appetite, shopkeeper Nasir says locals once bought his nuts by the kilo but soaring prices caused by the US-Iran war have eaten into sales, leaving businesses fighting for survival. The marketplace in the Iranian capital’s north would usually be abuzz with customers, but shops […]
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