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Iranian economy squeezed by US war, domestic woes

Iranian economy squeezed by US war, domestic woes

Iranians face worsening living standards as sanctions and war drive prices higher and purchasing power collapses, with a 180 million rials monthly pension still unable to cover basics. Rent hikes, unreliable services, and damaged infrastructure across Tehran and other provinces illustrate the breadth of the hardship.

Jul 21, 2026