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Iran’s economy in crisis as US launches new sanctions campaign
Aug 31, 2026
✦The Guardian

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

Iran’s economy faces a crisis as the US launched Operation Economic Outcast. Inflation reached 84.4% in August, making basic goods unaffordable. Mohsen Zavaar said, “The people don’t want miracles – they want decisions.” As purchasing power fell, many petrol stations closed, leaving families struggling to buy food and daily essentials.

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