Iran economy battered by sanctions and war

Nearly six months into the war with the United States and Israel, Iran's economy is under severe strain from sanctions and a naval blockade that hampers oil exports. Inflation is expected to reach nearly 70% by year-end, and the economy is forecast to shrink by over 5%. Unemployment is officially 9.1%, but real figures are likely higher, with over 1 million jobs lost by late May. Families struggle to afford basic goods, with rice 60% and beef 150% more expensive than before the war. Iran has retaliated by attacking oil-rich neighbors and disrupting shipping in the Strait of Hormuz, driving up global energy prices. The Trump administration has vowed to impose even tougher sanctions, and the UAE has suspended all trade with Tehran. Iran's leadership, including the Revolutionary Guard, remains defiant, pressing for sanctions relief and control over the strait. Experts doubt the economic pressure will quickly force political concessions, as Iran has developed methods to circumvent sanctions.