Iran Economic Crisis 2026
The Iran Economic Crisis 2026 Iran's economy is facing its deepest and longest crisis in modern history, triggered by a combination of international sanctions, domestic mismanagement, corruption, and geopolitical instability. The Iranian rial has plummeted to record lows, with the exchange rate hitting 1.42 million rials per US dollar in late December 2025, a 56% devaluation in just six months. The economic downturn has led to widespread protests across the country, with demonstrators calling for regime change and economic relief. The protests, which began in Tehran's Grand Bazaar, have spread to 110 cities across Iran's 31 provinces, with reports of at least 45 deaths and over 2,000 arrests. Crisis Fact: - International Sanctions: US sanctions, particularly those reimposed under President Donald Trump, have severely limited Iran's oil exports and access to the global market. The US imposed sanctions on Iran in 1979, following the Iran hostage crisis. However, the ...