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News
Iranian Government Admits to Money Printing
58+ min ago (343+ words) Mohammad Jafar Ghaempanah, Vice President for Executive Affairs to Masoud Pezeshkian, has acknowledged that the government is forced to print money due to budget imbalances, a practice that directly fuels rising inflation. Concurrently, he attributed 67 per cent of Iran’s inflation…...
Inflation Is Pushing Tehran’s Traditional Cuisine Off the Menu
7+ hour, 17+ min ago (446+ words) Soaring food prices and plummeting purchasing power have sharply downgraded the quality of meals eaten by city dwellers, particularly in Tehran. Indeed, many restaurants have stopped offering red meat altogether. Instead, their menus increasingly feature cheaper stews such as ghormeh…...
Iran’s Fuel Pricing Strategy: Quotas, Inflation, and Low-Income Workers
1+ day, 1+ hour ago (141+ words) An IranWire citizen journalist spoke with full-time and part-time ride-hailing drivers to examine the hidden layers and understated impacts of the proposed third-tier fuel pricing. A Quota That Runs Out Rising Fares, Diminishing Net Income Compounded Pressure on Household Budgets…...
Panic, Profit and the Collapse of Iran’s Rial
1+ day, 8+ hour ago (400+ words) This report seeks to deconstruct the events of the past week that pushed the dollar past 205,000 tomans, explaining how the Central Bank of the Islamic Republic rode a wave of public panic, anxiety, and negative emotion, thereby exacerbating volatility in…...
Scott Bessent: US Economic Pressure on Iran Is Working
6+ day, 7+ hour ago (173+ words) US Treasury Secretary Scott Bessent stated in a post on Tuesday, August 25, that recent statements by Islamic Republic officials demonstrate that Washington’s economic pressure on Tehran is “taking effect.” Writing on X, Bessent noted: “Iran’s leadership is acknowledging what the…...
Iranian Retirees Take to Streets as Pensions Fail to Keep Pace With Inflation
1+ week, 6+ hour ago (255+ words) Retirees demand full compliance with statutory laws, particularly Article 96 of the Social Security Law, which mandates that the SSO adjust pensions in accordance with real inflation and living expenses. Additionally, pensioners insist on the immediate and complete implementation of the…...
Iran Prepares for Fuel Quota Reductions Amid Post-War Supply Decline
1+ week, 1+ day ago (195+ words) Mohsen Haji-Mirzaei, Chief of Staff to President Masoud Pezeshkian, announced on Monday, August 24, that gasoline quotas in Iran will “definitely” be reduced, though the government has yet to reach a final decision regarding a new fuel price. Speaking to reporters,…...
Iran Central Bank Chief Blames U.S. ‘Propaganda’ for Rising Forex Rates
1+ week, 1+ day ago (264+ words) IranWire Iran Central Bank Chief Blames U.S. ‘Propaganda’ for Rising Forex Rates Abdolnasser Hemmati, Governor of the Central Bank of the Islamic Republic of Iran, attributed rising prices in Iran’s foreign exchange market to “propaganda attacks and hype by Americans,” asserting…...
Iran Drug Prices Surge up to 543% as FDA Denies Broader Subsidy Cuts
1+ week, 5+ day ago (204+ words) Reports of sharp price increases for several pharmaceuticals in Iran have renewed public anxiety over rising healthcare costs and the fate of subsidized foreign exchange for medicines, a trend the Food and Drug Administration (FDA) claims should not be interpreted…...
Strategic Gasoline Reserves Depleted in Iran
1+ week, 5+ day ago (237+ words) The level of Iran’s strategic gasoline reserves has reached a concerning low. Meanwhile, government officials have announced efforts to boost domestic production using refineries and petrochemical plants, a strategy that has raised sharp concerns regarding the quality of fuel being…...