Iran in Deep Trouble - Joe Blogs
Iran is in deep trouble.
A new wave of protests has broken out after shopkeepers closed their businesses in response to surging prices, soaring inflation, and a collapsing currency. With inflation above 40% and the rial continuing to weaken, the cost of living in Iran is becoming unbearable for many people.
In this video, I explain:
Why inflation in Iran has spiraled out of control
How the collapse of the currency is driving prices higher
The role international sanctions play on oil exports, banking, and access to hard currency
How economic pressure is now spilling over into protests and unrest
This crisis didnt appear overnight. Its the result of years of sanctions, economic isolation, weak confidence, and structural problems inside Irans political and economic system.
The big question now is whether the authorities can stabilize the economy or whether the situation will continue to deteriorate.
Chapters:
0:00 Intro
2:25 INFLATION
4:31 FOOD INFLATION
5:19 CURRENCY
8:48 INTEREST RATES
9:22 BALANCE OF TRADE
10:08 GASOLINE
11:30 OIL
13:14 SANCTIONS