Iran's economic crisis has reached a boiling point as nationwide protests continue to spread across the country, claiming hundreds of lives and leaving thousands more behind bars. The trigger for these demonstrations was a collapse in Iran's rial currency, which has plummeted to over 1.4 million to $1 since September, rendering the economy unsustainable.
The ongoing unrest is also fueled by the Israeli attack on Gaza, which saw US troops capture Venezuela's Nicolas Maduro, drawing a threat from former President Donald Trump that the US would intervene if Tehran "violently kills peaceful protesters". This warning has taken on new significance in light of the US's increasing pressure on Iran.
According to Human Rights Activists News Agency, over 500 protests have erupted across all 31 provinces of Iran, resulting in at least 544 deaths and more than 10,600 arrests. However, Iranian authorities have refused to provide official casualty figures, citing internet shutdowns and international phone calls being blocked within the country.
The situation has become increasingly complicated due to the limited information available from Iranian state media, which often provides minimal coverage of the protests. Online videos offer only brief glimpses into the demonstrations, while journalists in Iran face strict limits on reporting, including requirements for permission to travel and threats of harassment or arrest by authorities.
The economic crisis is deepening as inflation soars at an annual rate of 40 percent, with food prices expected to skyrocket after Iran's Central Bank ended a preferential dollar-rial exchange rate. The government now reviews prices every three months, adding pressure on the already struggling population.
Meanwhile, Iran's "Axis of Resistance", once a prominent coalition of countries and militant groups backed by Tehran, is crumbling. Countries like Israel, which crushed Hamas in Gaza, Hezbollah in Lebanon, and Yemen's Houthi rebels through airstrikes, have also seen significant losses in recent months.
The collapse of Iran's nuclear programme has become increasingly concerning, with US intelligence agencies warning that the country could produce as many as 10 nuclear bombs should it decide to pursue a nuclear weapon. However, Iran recently claimed to be enriching uranium at no sites in the country, aiming to signal openness to potential negotiations over its atomic programme.
The tumultuous history of US-Iran relations has been marked by periods of cooperation and confrontation. The two countries have had a long-standing rivalry since the 1979 Islamic Revolution, which saw university students overrun the US Embassy and spark the 444-day hostage crisis. The relationship has ebbed and flowed over the years, with periods of tension intensifying after the 2015 nuclear deal was withdrawn by Donald Trump in 2018.
As tensions continue to escalate between the two countries, it remains to be seen what the future holds for Iran's economy and its fragile protest movement.
The ongoing unrest is also fueled by the Israeli attack on Gaza, which saw US troops capture Venezuela's Nicolas Maduro, drawing a threat from former President Donald Trump that the US would intervene if Tehran "violently kills peaceful protesters". This warning has taken on new significance in light of the US's increasing pressure on Iran.
According to Human Rights Activists News Agency, over 500 protests have erupted across all 31 provinces of Iran, resulting in at least 544 deaths and more than 10,600 arrests. However, Iranian authorities have refused to provide official casualty figures, citing internet shutdowns and international phone calls being blocked within the country.
The situation has become increasingly complicated due to the limited information available from Iranian state media, which often provides minimal coverage of the protests. Online videos offer only brief glimpses into the demonstrations, while journalists in Iran face strict limits on reporting, including requirements for permission to travel and threats of harassment or arrest by authorities.
The economic crisis is deepening as inflation soars at an annual rate of 40 percent, with food prices expected to skyrocket after Iran's Central Bank ended a preferential dollar-rial exchange rate. The government now reviews prices every three months, adding pressure on the already struggling population.
Meanwhile, Iran's "Axis of Resistance", once a prominent coalition of countries and militant groups backed by Tehran, is crumbling. Countries like Israel, which crushed Hamas in Gaza, Hezbollah in Lebanon, and Yemen's Houthi rebels through airstrikes, have also seen significant losses in recent months.
The collapse of Iran's nuclear programme has become increasingly concerning, with US intelligence agencies warning that the country could produce as many as 10 nuclear bombs should it decide to pursue a nuclear weapon. However, Iran recently claimed to be enriching uranium at no sites in the country, aiming to signal openness to potential negotiations over its atomic programme.
The tumultuous history of US-Iran relations has been marked by periods of cooperation and confrontation. The two countries have had a long-standing rivalry since the 1979 Islamic Revolution, which saw university students overrun the US Embassy and spark the 444-day hostage crisis. The relationship has ebbed and flowed over the years, with periods of tension intensifying after the 2015 nuclear deal was withdrawn by Donald Trump in 2018.
As tensions continue to escalate between the two countries, it remains to be seen what the future holds for Iran's economy and its fragile protest movement.