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‘Iran is broke’: How clerics crippled the Islamic Republic

‘Iran is broke’: How clerics crippled the Islamic Republic

Behind all of Iran’s posturing, there seems to be a backstop. The country cannot afford all-out war because its economy is on its knees.

Inflation in Iran makes other cost-of-living crises look like a picnic.

Price growth has been in double digits for nearly six years and averaged 35.8 per cent in February.

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The Telegraph London

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Original URL: https://www.afr.com/world/middle-east/iran-is-broke-how-clerics-crippled-the-islamic-republic-20240423-p5flvt