‘Limited options’ for many Iranians as war with US chokes economy
Summary
The war between Iran and the United States, along with U.S. naval blockades and sanctions, has severely hurt Iran’s economy. Many Iranians struggle to find well-paying jobs, and prices for food, housing, and other essentials have risen sharply, making daily life very difficult for most people.Key Facts
- Many Iranian workers earn less than $107 per month, which is below or just around the official minimum wage.
- Employers often require long hours, offer no insurance, and sometimes reduce wages unfairly.
- Inflation in Iran reached about 88% year-on-year, with food prices increasing by more than 128%.
- Specific food groups like oils and fats have seen price rises above 260%, while meat and dairy prices grew over 140%.
- Unemployment rose in 2026, with youth unemployment at 23.4% in the spring.
- Iran’s economy faces challenges from war, U.S. and U.N. sanctions, past corruption, mismanagement, and internet shutdowns.
- Despite these problems, Iran’s economy has not collapsed and is somewhat diversified beyond oil exports.
- The government raised the minimum wage by 60% in early 2026, but the cost of living still remains very high.
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