Iran's political leaders, including the absent Supreme Leader, are under pressure as the nation's economic woes continue. They have asked to endure the economic pain and avoid layoffs, as the rial loses half its value and inflation breaches 115%. Meanwhile, prices for basic goods have skyrocketed.
Iran ’s absent Supreme Leader is begging employers to “avoid layoffs” as the nation’s economic woes continue to faceOne taxi driver in Tehran admitted to a reporter this week that even eggs have become too expensive to afford.and inflation at more than 53%, Parliament speaker Mohammad Bagher Ghalibaf urged everyday citizens to buckle up as Tehran seeks to outlast the US on the “economic battlefield.
”Supreme Leader Mojtaba Khamenei, who has not been seen in public since his ascension, asked his people to endure the economic pain and help each other out. Ghalibaf’s statement was echoed by Ayatollah Mojtaba Khamenei, who has yet to be seen in public since he was injured by Israeli airstrikes at the start of the war.
In a series of messages released on Telegram over the weekend, Khamenei asked Iranian employers to “avoid layoff as much as possible,” following reports of mass firings across the country, with some 3.5 million Iranians affected. Iran using Caspian Sea, highways and a railroad to China to bypass US’ Strait of Hormuz blockade Sen.
Rand Paul’s son sorry after drunken tirade against ‘gays and the Jews’ — will seek ‘help for drinking problem’ The leaders’ words ignore the reality on the ground as Iranians contend with the rial losing half its value in the past year, falling to record low; $1 could buy 1.9 million rials at the end of April. Meanwhile, the inflation for food breached 115% compared to last year, according to the International Monetary Fund, which predicted that the Iranian economy would shrink by six percentage points in the next year.
A look at Tehran’s once bustling marketplaces demonstrates the blow Iranian leaders are making their citizens take, with the prices for chicken and lamb up 45%, rice 31% and eggs 60%, according to an Associated Press tour. A program that introduced a 60% hike in the minimum wage, along with coupons for essential goods, caused inflation to become even more volatile, Taymur Rahmani, an economist at the University of Tehran, wrote recently in a leading Iranian business newspaper, Dunya-ye Eqtesad.
Tehran’s move to make buses and metro fares free in the capital have also dealt a blow to struggling taxi drivers, including people like Mohammad Deljoo, 73, who said he was feeding his family on a budget of $4 a day.
“We only buy what’s absolutely necessary, things like bread and potatoes. Even eggs have become too expensive for us,” Deljoo told the AP, accusing vendors of “price gouging. ” With the prices for food, medicine and other goods spiraling out of control, President Trump has bet that the economic pressure would force Iran to concede to his demands and lose the war.
The US has so far redirected 67 commercial ships trying to enter and exit Iran’s ports since the blockade went into effect last month, according to US Central Command. Brigitte Macron slapped French prez hubby over flirty text, 'relationship' with Iranian actress: report Hamas forced sex between family members as part of Oct. 7 torture campaign, probe finds: 'You hear the screams'1.6K‘Devil Wears Prada’ costume designer’s new Macy’s line is inspired by her ‘greatest hits’ — and everything’s under $150Supreme Leader Mojtaba Khamenei, who has not been seen in public since his ascension, asked his people to endure the economic pain and help each other out.
Stephen Colbert name-drops 'distracting' A-list actress he was most 'wildly attracted to' in 11 'Late Show' seasons Stream It Or Skip It: ‘Off Campus’ on Prime Video, A Hockey Romance Series That's More 'One Tree Hill' Than 'Heated Rivalry'
Iran Economic Woes Absent Supreme Leader Request For Help Avoiding Layoffs Economic Pain Inflation Basics Goods Country's Political Leaders
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netanyahu Says War on Iran “Not Over” as Long as Iran Has UraniumFearless Independent Journalism
Read more »
Netanyahu Says War on Iran “Not Over” as Long as Iran Has UraniumFearless Independent Journalism
Read more »
Virginia Democrats Seek Supreme Court’s Intervention over VA Supreme Court Gerrymander RulingSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Iran latest: Questions on Iran strategy, defense spending expected for Hegseth at congressional hearingThe ongoing ceasefire between the United States and Iran may have survived through Monday, but President Donald Trump indicated the current break in hostilities is on 'life support.'
Read more »