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Iranians take to the streets of Tehran to protest water shortages and deteriorating economic conditions, July 26, 2021. Source: Twitter.
A potentially fatal missed opportunity on Iran
The United States and its allies have put themselves in a diplomatic box; still, one answer to the dilemma lies on the streets of Iran.
Sarah N. Stern
June 15, 2022
International Atomic Energy Agency Director-General Rafael Grossi in Vienna on Oct. 2, 2019. Credit: Dean Calma/IAEA via Wikimedia Commons.
IAEA: Iran lacks sufficient uranium for nuclear bomb
Meanwhile, the rial fell to a new low against the dollar as its economy struggles under the coronavirus and new U.S. sanctions.
Oct. 11, 2020
An explosion at the Parchin complex near Tehran on June 26, 2020. Credit: Tasnim News Agency.
Iran hit by another unexplained explosion
The blast at the Kavian Fariman industrial complex was the latest in a series of mysterious explosions and fires at Iranian nuclear and power facilities in recent weeks.
July 14, 2020
Iranian Foreign Minister Mohammad Javad Zarif. Credit: Wikimedia Commons.
Iran calls US sanction threat ‘foolish’ and ‘nothing new’
Its oil exports dropped to a record low, averaging just 70,000 barrels per day in April compared to 287,000 in March.
May 14, 2020
Iranian President Hassan Rouhani. Credit: Wikimedia Commons.
Iranian top official lambastes US government, as currency plunges further
Separately, the Iranian rial—now toman—hit its lowest rate against the dollar since 2018 as U.S. sanctions have damaged the economy. A dollar was being traded for as much as 170,000 rials.
May 13, 2020
Iran's currency, the rial: The regime's lawmakers approved a measure to switch from it to the toman in a bid to curb inflation. Credit: Adam Jones via Flickr.
Hit by coronavirus, drop in oil prices and US sanctions, Iran’s economy heads for free fall
Already struggling as part of the Trump administration’s “maximum pressure” campaign, these new developments will deal another blow to the Islamic regime.
Jackson Richman
May 6, 2020
A view inside the Iranian Parliament. Credit: Mahdi Sigari via Wikimedia Commons.
Tehran approves currency change from rial to toman as economy struggles
The toman will be set as 10,000 rials.
May 5, 2020
A large pile of Euro currency. Credit: Images Money/Flickr.
IMF official: Iran’s economy expected to shrink, inflation could reach 40 percent
The projection comes amid U.S. sanctions that were lifted under the 2015 nuclear accord, but reimposed in November under the Trump administration, in addition to new economic penalties against Tehran.
Jackson Richman
April 29, 2019
A view north of Tehran, home to nearly 50 percent of Iran's industries. Credit: Flickr/Wikimedia Commons.
Iranian rial falls following IRGC terror designation
The World Bank predicts Iran’s GDP would shrink 3.8 percent in 2019, or 0.2 percent less than its last report in January; the International Monetary Fund projected a 6 percent decrease this year.
April 9, 2019