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Limited Options’ For Many Iranians As War With US Chokes Economy - Foreign Affairs - Nairaland

Nairaland Forum › Nairaland General › Politics › Foreign Affairs › Limited Options’ For Many Iranians As War With US Chokes Economy (12772 Views)

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Limited Options’ For Many Iranians As War With US Chokes Economy by obedience4(op): 6:12pm On Aug 17
A Tehran resident named Saeed says he is dismayed as he looks for better-paying employment than his current elementary school teaching job after months of war with the United States and its naval blockade of Iranian ports

“You take one look at the condition of job postings you can find online or in person, and you will understand why some young people feel like it’s not even worth it going out for work,” the 26-year-old told Al Jazeera. “But the expenses don’t go away.”

People working as teachers, cashiers and salespeople earn a monthly salary of less than 200 million rials ($107 at the current exchange rate), and some jobs even go considerably below the basic monthly minimum wage of about 166 million rials ($88), he said.[/b]

“A lot of employers don’t offer insurance and are asking for 12 hours of work per day, sometimes six days a week. They also come up with all sorts of excuses to deduct pay whenever they can, knowing you have limited options.”

Saeed has a master’s degree in Persian literature but said many Iranians like him are now frequently searching for any possible job opportunity, regardless of their area of education or experience, because putting food on the table is exceedingly more difficult.

For a worker earning minimum wage plus receiving government support, 1kg (2.2lb) of lamb can currently consume about 10 percent of an entire month’s wages while 10kg (22lb) of Iranian rice can absorb more than one-fifth. That is not to mention rapidly growing housing costs as well as utilities, transit and healthcare.

When the government approved a 60-percent increase in the basic minimum wage at the end of the previous Iranian calendar year in March – risking the printing of more money and inflation in the process – the cost of a subsistence package required for an average 3.3-person worker household was estimated at 430 million rials ($230).

That was as economic shockwaves from the United States-Israel war on Iran were rippling out and from two state-imposed internet shutdowns, including one during nationwide protests in January when thousands of people were killed. Those factors only compounded the Iranian economy’s systemic woes stemming from decades of corruption and mismanagement paired with decades of US and United Nations sanctions.

Millions of people across Iran are struggling to maintain their livelihoods and survive, but the country’s embattled economy is still far from collapse despite more than five months of war.

The resource-rich country of more than 92 million people has developed a relatively diversified economy for a major oil exporter as the authorities over decades leaned on self-sufficiency in the face of economic embargoes and confrontations with the US, Israel and the West.

But Iranians are feeling the direct impact of sanctions and the current war. According to the latest report by the Statistical Center of Iran released at the end of July, year-on-year inflation was about 88 percent.

Food inflation stood at more than 128 percent compared with a year earlier, meaning that the same food basket cost roughly 2.28 times what it did in July 2025. Among major food groups, year-on-year inflation was at 261 percent for oils and fats; 147 percent for milk, cheese and eggs; and 145 percent for meat and poultry.

While prices surged at rates not seen in more than eight decades in Iran, jobs were lost across most industries in 2026

Youth unemployment was at 23.4 percent in the spring, up 3.7 percent year-on-year, the Statistical Center said.

Overall unemployment was at 9.1 percent in the same period, but labour participation was at just 40 percent, meaning that most working-age people are operating outside the official labour force with many engaged in irregular, informal work.

Even some of those who have the luxury of owning assets and businesses are having a hard time getting by in the faltering Iranian economy.

cery shop in northern Iran’s Lahijan with his mother, said they also own their home and a second small shop that they rent to a tenant.

“From the outside it might seem like we’re well-off, but to us, it feels the opposite because the rent and my mother’s pension can barely keep up with the basic costs, let alone any extra purchases or savings. Business at the shop is terribly slow. We’re always falling short of the money we need for the next purchase of goods to sell,” he said.

MORE HARDSHIP EXPECTED

President Masoud Pezeshkian said last week that the war and the naval blockade of Iran’s southern ports imposed by the US have raised costs for his cash-strapped government.

“We could sell oil, and now we can’t. They have also struck and destroyed some of our factories, so we can’t levy taxes in the same way either. We must also pay them so they can stay up and running and the wheels of the economy can spin,” he said

Pezeshkian’s administration is also seriously considering significantly raising the price of petrol on the back of another hike in December as well as tightening caps imposed on monthly fuel quotas for personal vehicles but has been wary since previous price hikes have contributed to nationwide protests.

Pezeshkian and some other senior figures within the establishment have endorsed a diplomatic resolution with Washington, but no agreement with the US appears on the books in the short term, even as talks continue with Oman and mediators over an arrangement on shipping through the Strait of Hormuz.

As the authorities gear up for another potential round of conflict over the strategic waterway and other issues, the people of Iran continue to pay the highest price among affected stakeholders and consumers around the globe.

Ladan 28, who has an office job in Tehran but also runs an online shop selling necklaces, bracelets and trinkets on Instagram to make ends meet, says the hustle at times seems pointless because it offers no real prospects of sustained growth.

She told Al Jazeera that last week she noticed she made only about 20 million rials (less than $11) in profit after closing more than a dozen online sales.

“I’m so sick and tired of everything. But even though I live with my parents and don’t have to pay rent, I can’t even buy myself a Pride because, at the end of the day, I’m earning in rials,” she said, referring to the cheapest domestic vehicle, unaffectionately known as the “chariot of death” among Iranians due to its low safety standards. It costs up to 10 billion rials ($5,350).
https://www.aljazeera.com/news/2026/8/16/limited-options-for-many-iranians-as-war-with-us-chokes-economy

Re: Limited Options’ For Many Iranians As War With US Chokes Economy by obedience4(op): 6:21pm On Aug 17
Fun fact

The Iranian monthly minimum wage is 166 million rials.. which is just 88 dollars!!.. which is about 157,700 in naira!!!

The cheapest domestic made vehicle in Iran is
10 billion rials!!! 10 billion rials!!!
😂😂😂

One of the richest country in the middle-east via the abundance of natural resources.. choses to be sponsoring terrorism all over the world instead of making her citizens better... Iranians are suffering from destitution, penury and privation
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by insidelife22(m): 6:50pm On Aug 17
Only an inhumane entity will put pride above his people
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Xscape047: 9:29pm On Aug 17
it's the people that would suffer last last
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by MrSword: 9:29pm On Aug 17
Terrorists sympathizers nigeria branch will tell you..iran is winning the war.

Re: Limited Options’ For Many Iranians As War With US Chokes Economy by MrsAyomide(f): 9:30pm On Aug 17
Terrorists should be dealt with ..

They are winning online while crying offline..

Re: Limited Options’ For Many Iranians As War With US Chokes Economy by allthingsgood: 9:32pm On Aug 17
MrsAyomide:
Terrorists should be dealt with ..

They are winning online while crying offline..
US and Israel are the biggest terrorists

The only countries causing all the wars around the globe
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by allthingsgood: 9:33pm On Aug 17
MrSword:
Terrorists sympathizers nigeria branch will tell you..iran is winning the war.

Those supporting US and Israel simply don't have a brain.
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Daguccizgreat(m): 9:33pm On Aug 17
The Iranian Nigerian supporters say Iran is winning the war. Very delusional humans
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by allthingsgood: 9:33pm On Aug 17
insidelife22:
Only an inhumane entity will put pride above his people
Tell that to Trump and Netanyahu
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Daguccizgreat(m): 9:34pm On Aug 17
allthingsgood:
Those supporting US and Israel simply don't have a brain.
You're either a terrorist supporter or a delusional entity
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by allthingsgood: 9:34pm On Aug 17
Daguccizgreat:
The Iranian Nigerian supporters say Iran is winning the war. Very delusional humans
Only kids think that anybody wins a war. There are no winners, just dead bodies
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by allthingsgood: 9:35pm On Aug 17
Daguccizgreat:
You're either a terrorist supporter or a delusional entity
You are more delusional and irrational. Inability to think logically. You are still under mental slavery.
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by manuelkel(m): 9:37pm On Aug 17
allthingsgood:
Only kids think that anybody wins a war. There are no winners, just dead bodies
Yes, so long as it's the bodies of the islamists terrorists. That's a good riddance to humanity.
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Angelfrost(m): 9:40pm On Aug 17
Iran will never recover from this war when it's finally over...!

What a waste of resources from all sides.
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by allthingsgood: 9:43pm On Aug 17
manuelkel:
Yes, so long as it's the bodies of the islamists terrorists. That's a good riddance to humanity.
Except that they are not terrorists. Only bigots think 200 kids in a school are islamic terrorists.
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by WriteerNg: 9:44pm On Aug 17
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Belurved1(m): 9:45pm On Aug 17
Honestly, they seem cursed. This is abnormal.
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by 3kay945(m): 9:52pm On Aug 17
Chai !.... this isn't good o..

Iran people don suffer o.

undecided
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by donleo92(m): 9:52pm On Aug 17
No oooh grin

According to the ikorodu and ogbomosho branch of Iran.......... Iran is really holding America to ransom cheesy

Infact petrol is been sold for 1 million dollars a gallon because of the closure of the strait of homus cheesy cheesy

I just like as America take bomb them, like stupid, still blockage them .......

Make we see who go beg grin

I-ran still dey dream of ground invasion, and how them won take capture US SERVICE MEN.......whereas America don already they do economic invasion silently, THE INVADE THEIR ECONOMY SYSTEMgrin

America, don already tell Russia and China make them stay off the war...

So right now Iran dey on their own.

I SHA NO WON HEAR FAIMMM OR GENOCIDE
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by shegztech(m): 9:58pm On Aug 17
3kay945:
Chai !.... this isn't good o..

Iran people don suffer o.

undecided
I dey tell you. Masses dey suffer. Elephants (kings/presidents) dey fight na their subject/masses dey suffer am. Very pathetic read especially the last paragraph
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Gotocourt: 10:00pm On Aug 17
obedience4:
Fun fact

The Iranian monthly minimum wage is 166 million rials.. which is just 88 dollars!!.. which is about 157,700 in naira!!!

The cheapest domestic made vehicle in Iran is
10 billion rials!!! 10 billion rials!!!
😂😂😂

One of the richest country in the middle-east via the abundance of natural resources.. choses to be sponsoring terrorism all over the world instead of making her citizens better... Iranians are suffering from destitution, penury and privation
Their sponsoring of terrorism has come back to hunt them.
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Daguccizgreat(m): 10:13pm On Aug 17
allthingsgood:
You are more delusional and irrational. Inability to think logically. You are still under mental slavery.
A mad man calls a sane man a mad man. That's your case
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by just2endowed: 10:15pm On Aug 17
allthingsgood:
US and Israel are the biggest terrorists

The only countries causing all the wars around the globe
Hezbollah are freedom fighter right?
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Igahbarr: 10:15pm On Aug 17
Daguccizgreat:
You're either a terrorist supporter or a delusional entity
Or both of them. By their fruits, we shall know them.
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by DennisEche(m): 10:19pm On Aug 17
The terrorists sympathisers In the myopic minds says Iran is winning,
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Melagros(m): 10:21pm On Aug 17
COMRADES, when will these people get sense? I mean the Iranian leaders
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Kukutente23: 10:22pm On Aug 17
allthingsgood:
Only kids think that anybody wins a war. There are no winners, just dead bodies
You mean there was no winner in the Nigerian civil war
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Kukutente23: 10:25pm On Aug 17
[quote author=WriteerNg post=140367085] showing Nigerians this and calling it filthy?
In a country where people still defecate openly?
Re: Limited Options’ For Many Iranians As War With US Chokes Economy by HacheNoire:
Like Iran has something going for them pre war!

Iran is ready to endure as long as the world remains on chokehold by energy prices.

They have all the cards!

US reserves already depleted. It cannot cushion the effect for long again, and why Trump is losing it and recently just threatened to bomb Oman is it negotiates with Iran.

We all know who is the under pressure- the world. Iran has been through it and built for these times.

Re: Limited Options’ For Many Iranians As War With US Chokes Economy by Fuckyoumod: 10:28pm On Aug 17
allthingsgood:
US and Israel are the biggest terrorists

The only countries causing all the wars around the globe
"It costs up to 10 billion rials ($5,350)."

When 10 billion of your currency is equivalent to $5350, and you are more interested in building nuclear weapons to wipe Israel off the surface of the earth, you continue to export and fund terrorism across the globe, you continue to engage in a war that you can never win against the U S. While your people continue to suffer economic hardship.

Then it means you are sick in the brain! Only a mentally ill person will continue in this part of total destruction. The Ayotallahs and Kheimanei's are sick poor.

After midterm elections in September, Trump will visit them once more and cure their madness.
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