Prices for some goods have tripled or quadrupled within a matter of months. At least two million people have lost their jobs, the currency has lost 60% of its value, the international internet has been shut down for more than 75 days, and there is no end in sight. This is the reality of Iran’s economy after two and a half months of war, ceasefire and blockade. We spoke to the owner of an e-shop, a small business, and a major tech startup to capture what life is like for Iranians today.
Issued on: 14/05/2026 - 18:44
Modified: 15/05/2026 - 14:22
Even before the war, Iran’s economy had been spiralling for years under international sanctions tied to the regime’s nuclear activities, alongside deep corruption and chronic mismanagement, making daily life increasingly difficult for millions.
Over the past decade, Iranians have staged several large local and nationwide protests triggered by economic grievances, including in 2019 and January 2026, leaving tens of thousands of protesters dead, arrested or injured.
