Iran’s economy was already under strain before the US and Israel launched their war on the Islamic Republic. It was grappling with negative growth, soaring inflation and a currency crisis. Those problems have been compounded by strikes on the country’s civilian and industrial infrastructure and the US naval blockade of Iranian ports.
Despite the mounting pressure, Iran’s economy hasn’t reached the point of collapse, when there’s a complete breakdown in activity. The state has a high tolerance for economic pain thanks to decades of experience withstanding war and tough international sanctions.
As a peace deal with the US remains elusive ...