economic

Iran's Top Security Official Warns of Dire Economic Crisis as Rial Collapses Under Sanctions and War Costs

| Hormuz Crisis

Iran's top security official issued a stark warning about the country's worsening economic crisis, as the rial came under severe pressure from a combination of international sanctions and the mounting costs of ongoing military engagements. The currency collapse is deepening food insecurity domestically and reducing Iran's capacity to sustain operations in the Strait of Hormuz region.