The price of the Saina car has risen from about 28 million toman in October 2016 to nearly 1.7 billion toman and now equals more than 101 months of base salary.
Social security, Foulad and Zob-Ahan steel company pensioners gathered in Tehran, Isfahan, Rasht and Shush on Sunday 11 October to protest high prices, inflation and inadequate pay.
US Treasury Secretary Scott Bessent said on Sunday that the Islamic Republic's oil exports through the Strait of Hormuz have effectively been cut off; Mike Waltz also said Tehran is pursuing a nuclear weapon.
Iran's medicine crisis has deepened; the Health Ministry spokesman called the situation "abnormal", and about 500 drugs have been removed from insurance coverage.
Tehran bazaar shopkeepers told AFP that with inflation near 90 percent and a collapsing rial, customers have sharply cut their buying and businesses are on the brink of bankruptcy.
Freight rates from Turkish ports to Iran rose in under two months from about $1,500 to $8,000; the US naval blockade has pushed imports onto land borders.
According to Homayoun Falakshahi, senior analyst at Kpler, if the US naval blockade continues, the Islamic Republic's oil export revenue will fall to zero by mid-December.
19 Iranian tankers stuck near Sri Lanka because of the US naval blockade are running short of water and food; Colombo has no plans to help for now.
The Islamic Republic's central bank says Iran's economy contracted by about 12.1% in spring 2026, and that economic growth in the month of Tir (late June to July) was negative 5.6%.
Citing a Binance document, the Wall Street Journal revealed details of 21 accounts in the Babak Zanjani network; at least $67 million reached wallets linked to the IRGC.
With about 4,700 megawatts of industrial and petrochemical power capacity knocked out, the Islamic Republic is looking to imports from Turkey and Turkmenistan to make up for the outages.
On Thursday, 8 October, the US Treasury sanctioned 17 tankers of the Islamic Republic's shadow fleet and the 17 companies that own them to cut off the regime's oil revenue.
According to Iran International, the economic crisis has driven a number of Iranians to Armenia to work in construction, taxi driving and motorbike delivery.
Islamic Republic officials warn of gas shortages and possible blackouts this winter; Golestan, Mazandaran and North Khorasan may face 60 to 90 days of gas cuts.
According to Iran International, senior IRGC commander Hossein-Reza Sadeghi and his son Saeed played a central role in preserving the IRGC Intelligence oil-sales network and moving its finances from the UAE to Russia.
Sri Lanka has rejected the Islamic Republic's request to supply food and water to sanctioned Iranian tankers that have been stranded in international waters for months since the Hormuz blockade.
The US Treasury Department warned on Monday, 5 October, that foreign banks dealing with sanctioned banks of the Islamic Republic may be sanctioned without prior warning.
US Treasury Secretary Scott Bessent said on Monday, 5 October, that the economic pressure campaign against the Islamic Republic has paid off and the rial has fallen to its lowest level in history.
The Pezeshkian government said Oil Minister Mohsen Paknejad resigned for "personal" reasons, but his departure comes as oil exports have stopped under the US naval blockade and pressure mounts on the network of oil-sales middlemen. Hamid Bord has been named acting oil minister.
The head of FARAJA's economic security police said on Monday, 5 October, that under a directive from the Tehran prosecutor, websites that in his words publish "false" exchange rates will face judicial and police action from that day; meanwhile the dollar hit a new record on the open market.
