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Trump's 'Trump Card' Crushes Iran: Russia-China Helpless as 90% Inflation Grips Nation
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News18•04-10-2026, 10:35
Trump's 'Trump Card' Crushes Iran: Russia-China Helpless as 90% Inflation Grips Nation
- •Iran's economy faces a severe crisis due to US sanctions and war, with inflation reaching nearly 90%.
- •The Iranian rial has depreciated by about 25% against the dollar in two months, making imported goods expensive.
- •US sanctions on oil exports have impacted Iran's foreign currency earnings, exacerbating economic woes.
- •The government cut some petrol subsidies in September, a sensitive move given past protests over price hikes.
- •Tehran has fixed prices for 12 essential food items for six months, but experts warn of potential social unrest.
Key Questions Answered
Inflation in Iran has reached nearly 90 percent, making it extremely difficult for common citizens to buy daily necessities.
In the last two months, the Iranian rial has weakened by about 25 percent against the US dollar, directly impacting imported goods like food, medicines, and machinery.
To help control inflation, the government has fixed the prices of 12 essential food items for six months in Tehran.
