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Iran risks renewed protests as citizens reach 'breaking point' amid war-stricken economy

image sourced from original article at https://www.jpost.com/middle-east/iran-news/article-891462

Iran’s economy, already weakened by years of sanctions and mismanagement, is sliding toward deeper collapse after weeks of war that have sent food prices soaring and disrupted daily life. Staples have risen by 50 to 80 percent since the conflict began, while internet shutdowns and supply shortages have paralyzed businesses, factories, and public services. Many citizens say they can no longer endure the worsening conditions.

Official and independent estimates suggest that more than 40 percent of the population lives below the absolute poverty line, with even higher rates in the capital. Economists warn the real figure could exceed 60 percent nationwide as the middle class rapidly erodes. The national currency has sharply depreciated, household incomes are losing value, and inflation has reached levels not seen in decades.

The economic strain has already fueled nationwide protests in recent months, which were met with violent crackdowns. With incomes failing to keep pace with surging prices and wartime fears compounding public anxiety, many Iranians warn that society is nearing a breaking point. Further escalation of the conflict could deepen budget deficits and heighten the risk of renewed unrest that threatens the government’s stability.

Original article source: https://www.jpost.com/middle-east/iran-news/article-891462
Source Id: 9153376051

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