"Iran's national currency, the rial, dropped to a new low of 1.81 million to the US dollar on April 29 before rebounding the next day. The rial has seen its value fall by nearly 15 percent in recent days, according to Iranian media."
"According to Iran's Central Bank, annual inflation, which was above 40 percent before the war, increased to 50 percent as of April 4. Iranians say the prices of basic goods such as rice, eggs, and chicken have increased significantly since the conflict began."
"The authorities responded to the demonstrations with unprecedented force, killing thousands of people, according to human rights groups. Rising inflation was the catalyst for nationwide protests that broke out in January and posed one of the biggest threats to Iran's clerical rulers since the Islamic Revolution in 1979."
"On April 29, the price of Brent crude rose by almost 7 percent to over $126 a barrel, the highest since Russia's full-scale invasion of Ukraine in 2022."
Iran's rial fell to a record low of 1.81 million to the US dollar amid ongoing conflict and sanctions. Air strikes by the US and Israel disrupted oil exports and domestic production, causing inflation to rise from over 40 percent to 50 percent. Basic goods prices surged, triggering nationwide protests. The Iranian government responded with force, resulting in thousands of deaths. In retaliation, Iran closed the Strait of Hormuz, impacting global oil markets and causing Brent crude prices to rise significantly.
Read at RadioFreeEurope/RadioLiberty
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