Iran faces severe economic crisis as inflation exceeds 50%.
Despite a ceasefire, Iran's economy is struggling with inflation surpassing 50% due to a US naval blockade impacting oil exports. Citizens are anticipating further price hikes and increased job losses as the economic fallout continues.
The fragile ceasefire may have paused the fighting, but the economic fallout in Iran continues. A US naval blockade of Iranian ports has sharply reduced the Iranβs oil exports, while the cost of everyday goods has continued to rise. Across the country, people are now bracing for further price increases and growing job losses. Liza Kaminov reports.