macro

Iran’s Dollar Surge to 270,000 Tomans Deepens Workers’ Purchasing-Power Crisis - Iran News Update

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DW NOTE

Iran's rial has collapsed 90% against the dollar since 2018 — from 42,000 to 270,000 tomans per dollar — while the Strait of Hormuz closure drives domestic inflation through import scarcity. Tehran blames sanctions; the truth is simpler: the Central Bank of Iran printed 40% more rials in 2025 alone to fund war expenditure and subsidy programmes it cannot afford.

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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

Iran’s Dollar Surge to 270,000 Tomans Deepens Workers’ Purchasing-Power Crisis - Iran News Update

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