Part 1/12:
The Dire State of Iran's Economy: A Closer Look
Iran's economy is in a state of crisis, plagued by rampant inflation, unemployment, and corruption, all while tensions with Israel accuse the attention of the international community. The recent Israeli airstrikes on Iranian oil storage facilities and natural gas fields only highlight a collapsing economy that has been deteriorating for over a decade. Economists and analysts have called this a "lost decade," characterized by stagnation, soaring prices, and the ruination of the Iranian currency, the rial.