Iran after the war — fragile peace, shattered economy

As Washington and Tehran negotiate an interim peace deal ending the Iran war, the US has lifted restrictions on Iranian oil trade and is looking into releasing $6 billion in frozen revenues for food and medical supplies. Despite this sanctions relief, Iran's economy faces a shattered outlook with an estimated $229 billion in war damages, rising inflation due to government borrowing, and sharply increased prices for basic goods.

Based on full article · updated 3h ago