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Iran's inflation spiral deepens as rial slides and tensions rise

Euronews · Jun 30, 2026, 11:20 AM

Why this matters: an international story with cross-border implications worth tracking.

As Iran's rial falls to record lows amid escalating military tensions in the Persian Gulf, a sharp rise in inflation is pushing up the cost of basic necessities, with low-income households and rural communities bearing the brunt of the crisis.

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