Iranian economy

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.

An Iranian woman shops in a store in Tehran, Iran, April 28, 2026.
US military officers salute the remains of US Army Maj. Bianca Wilkerson, who died in a non-combat related incident while deployed in Doha, Qatar in support of military operations connected to the US-Iran war, during a dignified transfer at Dover Air Force Base in Dover, Delaware, US, September 26.

US official gives ultimatum to nations in Middle East: Stop trade with Iran, or US will cut ties

People walk past a banner with a picture of the late Islamic Revolutionary Guard Corps (IRGC) commander Mohammad Pakpour, in Tehran Bazaar, Iran, April 21, 2026

Poverty, child labor, and child marriage partially behind Iran’s unfilled classrooms

Binance founder Changpeng Zhao, also known as CZ, attends the Bitcoin Asia conference, in Hong Kong, China, August 27, 2026.

US prosecutors investigate Binance over alleged Iran sanctions violations, crypto laundering


Afghans flee collapsing Iranian economy amid US conflict, returning to strict Taliban rule

Only 29% of Afghans who recently returned from Iran said they had any savings left after their average income fell by nearly one-third compared to pre-crisis levels.

Afghan nationals carrying their belongings walk after crossing the border from Iran at the Islam Qala border crossing in Herat province, Afghanistan, September 3, 2026.

Small-scale protests break out in Iran over cost of living

Retired educators, telecommunications workers, and job seekers also reportedly demonstrated on Sunday in Tehran, Ahvaz, Shush, Kermanshah, Dezful, and Rasht.

Cars burn in a street during a protest over the collapse of the currency's value, in Tehran, Iran, January 8, 2026.

Iran’s worsening economic crisis raises questions over Tehran’s willingness to compromise

As Iran’s economic strain deepens, an expert told the Post that the regime is not close to collapse despite rising inflation.

An Iranian woman shops in a local market in Tehran, Iran, April 28, 2026

Iran's Central Bank chief says regime has enough foreign currency despite US sanctions, blockade

The central bank was ready to inject up to $2 billion into the foreign exchange market to calm recent volatility, while the Iranian rials plunged to a record low in August.

An Aqeeq (agate) ring is pictured next to Iraqi dinar and US dollar banknotes are laid out on a table as members of the Shia Muslim community arrive at a centre in Iraq's southern city of Basra accepting charity donations to aid people affected by the ongoing war in Iran and Lebanon.

Iranians protesting unfair employment, economy brutalized by security forces, rights group says

The Human Rights Activists’ News Agency reported that young protesters began demonstrating over allegations of unethical hiring practices at the Lishtar refinery project.

FILE PHOTO: People walk on the beach, with vessels in the Strait of Hormuz visible near the beach of Bandar Abbas, Iran, May 22, 2026.

Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran

"You're going to see a lot more of these every week," Bessent said ahead of a Group of 20 finance leaders meeting. "We're starting with the banks, and we're telling the banks it's not okay to have Ir

US Treasury Secretary Scott Bessent stands behind U.S. President Donald Trump who speaks to the media on the day of a NATO leaders' summit in Ankara, Turkey, July 8, 2026.

Iran’s Strait of Hormuz trump card is losing strategic value, expert tells 'Post' - interview

Although 14 to 15 million barrels of oil passed through Hormuz per day before the war, an expert told the Post that it was entirely possible to manage without much of that supply.

Lightning occurs when META 4, an Oil Products Tanker, sails into Muscat Anchorage on March 21, 2026 at Sultan Qaboos Port in Muscat, Oman.President Donald Trump had threatened to attack Iran's energy infrastructure if it did not end its de facto blockade of the Strait of Hormuz by March 23.

Strategy or physical withdrawal: What does Washington’s shift from airstrikes to sanctions signify?

Despite the apparent success of the US’s blockade and sanctions campaign, Iranian officials have repeatedly expressed that they would not falter in maintaining control over the Strait of Hormuz.

US President Donald Trump reacts as he speaks to the media with US Treasury Secretary Scott Bessent behind him, on the day of a NATO leaders' summit in Ankara, Turkey, July 8, 2026.

Several oil companies to avoid using ships on Iran's blacklist over security concerns, sources say

"We will avoid our chartered vessels dealing in STS or anything to do with non-compliant ships for Middle Eastern cargoes," said one of the sources, who works at an Indian refinery.

Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026.

US offers $10 million reward for information on senior IRGC leaders, including one killed in April

The US State Department's Rewards for Justice offered a bounty of up to $10m. for information on five IRGC leaders, including Majid Khademi, who was killed by an Israeli strike in April.

IRGC intelligence chief Majid Khademi pictured in February 2026.