Iran's Economy Buckles Under US Sanctions as Currency and Inflation Worsen
Iran's economy is deteriorating under US pressure, with the currency falling to 2.02 million rials per dollar, inflation near 69 percent, oil exports at zero, and GDP projected to shrink 5.4 percent this year. President Trump has shifted focus to economic warfare, promising an "economic D-Day" and unveiling new sanctions. The rial has dropped 22 percent since pre-war levels, while food prices have surged over 128 percent annually, squeezing ordinary citizens. Iranian leaders show internal divisions, with President Pezeshkian suggesting ending the war, but analysts say officials blame Washington for failed negotiations and remain resistant to concessions. Iran has survived past sanctions, with no clear sign this pressure will break its resolve.