Tag: Iran economy

War weighs on Iran’s economy as U.S. intensifies sanctions

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War weighs on Iran’s economy as U.S. intensifies sanctions

Motorcyclists pass a billboard depicting U.S. President Donald Trump underwater amid explosions, with the words “Great Victory! Strait of Hormuz,” in Tehran, Iran, Monday, Aug. 24, 2026. | Photo Credit: AP Iranian leaders are acknowledging the economic toll of war with the United States, with ‌the supreme leader calling on the government to address the…

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Iran loosens import restrictions on foreign cars and iPhones, trying to mask its economic woes

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Iran loosens import restrictions on foreign cars and iPhones, trying to mask its economic woes

The curbs had forced Iranians to go for locally-produced vehicles long derided as ‘death wagons’. | Photo Credit: AP All architecture student Amirhossein Azizi wanted for his 19th birthday was the latest iPhone — and for Iran’s cash-strapped theocracy, it was just the gift they needed as well. Just buying a top-of-the-line iPhone 16 Pro…

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