Iran’s national security adviser has warned that the rapidly deteriorating economy has plunged the country into one of the most difficult periods in its history.
Mohsen Rezaei, Iran’s top security official, made the rare admission on Saturday at a high-level government meeting about how to stabilize the economy after more than seven months of war.
Iran’s currency, the rial, has plummeted since the United States and Israel launched the war on Iran in February. The decline has accelerated sharply in recent weeks, since the United States ratcheted up sanctions and enforced a naval blockade. That has made imports more expensive and deepened a longstanding cost of living crisis that sparked nationwide protests last December that the security forces crushed with deadly force.
Iran is hitting a wall. Every day the Rial falls to a new low. That’s a major vindication for the blockade and US sanctions. Iran’s economy is imploding, even as it’s lost its stranglehold on the Strait of Hormuz. Iran has played its cards very poorly…
https://t.co/INXSZye8Hd https://t.co/7khrERrx3m— Robin Brooks (@robin_j_brooks) October 4, 2026
h/t Clink
