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Tag: collapsing rial and soaring inflation

The great reckoning: On the crises in Iran

Posted on January 14, 2026 By admin
The great reckoning: On the crises in Iran

What began as a localised strike by shopkeepers in Tehran’s Grand Bazaar on December 28 over the collapsing rial and soaring inflation has snowballed into the gravest challenge the Islamic Republic has faced since its founding in 1979. The scale and the persistence of protests laid bare deep-seated public resentment towards the state. Iran, long…

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