Business · 13 May 2026
Iran's economy tested by war and US blockade
Ordinary Iranians are experiencing spiralling prices for food, medicine, and other goods, alongside mass job losses and business closures. The nation's economy is struggling to withstand the war and a US naval blockade, intensified by strike damage and internet shutdowns. An economist noted the economic cost has been very substantial and unprecedented, with high inflation passed to citizens.
Reported by Independent · How we write briefs