Six months after the war between the US and the Islamic Republic of Iran erupted, the economic fallout inside Iran has reached a severe and unprecedented intensity.
While ordinary citizens previously weathered decades of international sanctions, the combination of ongoing war and a reinstated US naval blockade has paralysed everyday life, plunging the national currency into a historic tailspin and forcing families into drastic household austerity.
On Wednesday, US President Donald Trump reiterated Washington's stance while boarding Air Force One for a trip to Dallas.
"They’re in very bad shape. Their country is destroyed now," Trump told reporters. "As you probably saw by the numbers, they have 300% inflation."
According to Iran’s free currency market data, the Iranian rial continued its sharp decline, falling from around 1.45 million rials per US dollar in March 2026 to over 2.1 million rials by early September.
