Iranian economic crisis

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The Iranian economic crisis is an ongoing period of severe financial instability in Iran that intensified in 2024. The downturn is rooted in long-standing issues such as domestic mismanagement, systemic corruption, and strict international sanctions. These structural problems were severely compounded by a United States naval blockade in mid-2026, which heavily restricted the country's oil exports and its integration with global markets. Primary indicators of the crisis include hyperinflation, a historic depreciation of the Iranian rial, extensive energy and food shortages, and rising poverty. The deteriorating economic environment has driven widespread social unrest, culminating in nationwide protests, labour strikes, and a political crisis within the Iranian government. By late 2025, international analysts and media outlets widely described the Iranian economy as being on the verge of total collapse.

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