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Iranians stagger under soaring costs of seven months of war

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The Straits Times. (2026, September 29). Iranians stagger under soaring costs of seven months of war. The Straits Times. https://www.straitstimes.com/world/middle-east/iranians-stagger-under-soaring-costs-of-seven-months-of-war

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

The Straits Times · collected 2026-09-29 · by The Straits Times

Quick Summary

Iranians face severe economic hardships due to the US blockade that restricts Iran's oil exports, leading to sky-high prices for basic necessities and rent. Many citizens like Behnam Riazi, a restaurant owner, struggle to keep their businesses open while customers can barely afford essentials. Economic pressures could potentially push Iran towards diplomatic compromise as the country tightens its grip on Gulf energy exports through the Strait of Hormuz, affecting global oil and gas prices.
Written by AI on 2026-09-29, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Iranians are stockpiling food and medicine amid escalating fears of shortages due to tightened US sanctions. The US has imposed a worldwide ban on Iranian airlines, pressuring other nations to reduce trade ties with Iran, aiming to isolate the country economically. President Masoud Pezeshkian condemned these actions at the UN General Assembly, stating that the blockade would prevent essential goods from reaching Iran. Meanwhile, ordinary Iranians are struggling under soaring costs for basic necessities like food and medicine, exacerbated by US sanctions that hinder imports despite not targeting pharmaceuticals directly. The Iranian currency has lost half its value, and unemployment is rising, making daily life increasingly difficult for citizens who cannot afford essentials.

Written for “Iran Sanctions Impact” on 2026-10-31, grounded in this article and the 3 other(s) covering the same event.

Story

📰 Iran Sanctions Impact
Politics · 4 article(s) covering the same event. Compare every outlet's account →

Compared with similar articles

This article reads leans left and hedges 14% of its claims. Each row says how that neighbour differs.
The Independent
Hedges 5 of 43 claims Outlet record 59/100
“The articles discuss different aspects of the Iran-US conflict; one focuses on diplomatic statements by Iranian officials while the other discusses the economic impact on ordinary Iranians.”
Toronto Star
⚖️ Leans left Hedges 1 of 26 claims Outlet record 64/100
“The articles discuss different aspects of the situation in Iran—one focuses on Iran's message to the American public regarding Trump's policies and war, while the other discusses the economic hardships faced by Iranian citizens due to the ongoing conflict.”
Toronto Star
⚖️ Leans strongly left further left than this Hedges 4 of 42 claims Outlet record 64/100
Fox News
Hedges 0 of 21 claims Outlet record 69/100
“The articles describe different aspects of the situation in Iran; one focuses on Treasury Secretary Bessent's prediction about remaining oil shipments and economic isolation, while the other reports on the impact of soaring costs and war conditions on Iranian citizens.”
Al Jazeera
⚖️ Leans left Hedges 1 of 36 claims Outlet record 60/100
“The articles describe related situations but different aspects of the ongoing economic impact on Iran; Article A focuses on stockpiling due to fears of shortages, while Article B discusses the broader financial and cost impacts on citizens after seven months of war.”
Al Jazeera
⚖️ Leans right further right than this Hedges 10 of 64 claims Outlet record 60/100
“The articles discuss different aspects of the economic impact of the ongoing conflict between Iran and the US, but they do not describe the exact same incident or development.”
Toronto Star
⚖️ Leans left Hedges 0 of 26 claims Outlet record 64/100
“While both articles discuss economic hardships in Iran due to war and sanctions, they describe different aspects of the situation—Article A focuses on the currency decline, while Article B covers broader impacts on daily life for citizens.”
Washington Examiner
⚖️ Leans right further right than this Hedges 1 of 29 claims Outlet record 70/100
“While both articles discuss the economic impact of Iran's war with the United States, they focus on different aspects—costs to citizens versus currency devaluation. They do not describe the same specific incident or outcome.”
New York Post
⚖️ Leans strongly left further left than this Hedges 4 of 39 claims Outlet record 66/100
“While both articles describe hardships caused by US sanctions and blockades in Iran, they focus on different aspects: Article A covers general economic difficulties including rent, basic necessities, and cigarettes, while Article B specifically discusses the impact on medication prices.”
Euronews
Hedges 1 of 20 claims Outlet record 60/100
“The articles discuss related impacts of the Iran war but describe different aspects - economic hardships in Iran versus broader global economic impact and mediation efforts.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
35
sentences that state something as happening or true
Uncertain
14%
5 of 35 hedged ("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
66/100
The Straits Times's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
4
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-29 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

The Straits Times · 4060 article(s) · 5 correction(s) detected
Running correction rate · 5 correction(s)

Who wrote this

The Straits Times
2562 article(s) here · 1 carrying a prediction
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Also by The Straits Times
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 2562 articles by The Straits Times →

Topics

Iran Iranian Iranians Reuters Tehran

Subjects

Iran GPE · 5× Tehran GPE · 4× Iranians NORP · 3× Iranian NORP · 2× Reuters ORG · 2× Behnam Riazi PERSON · 1× LONDON GPE · 1× Middle Eastern NORP · 1× Riazi PERSON · 1× the United States GPE · 1×

Narrative

M.H., a woman in Tehran who also asked to be identified only by her initials, said she had lost her job this month in the procurement department of a local business even though her one-year contract had only been renewed the previous day.
framing: assertive · carried by 1 article(s) · first seen 2026-09-29
🔮 Iran's leaders may radiate bullishness in their war with the United States, but life is becoming ever tougher for ordinary citizens unable to afford basic necessities or rent as a US blockade cuts the state's financial lifeline - oil exports.
2026-09-29 · The Straits Times
Iranians stagger under soaring costs of seven months of war · assertive framing

Claims (35 extracted, 5 hedged)

Iranians stagger under soaring costs of seven months of war LONDON, Sept 29 - asserted
Iranians → stagger → war
Iran's leaders may radiate bullishness in their war with the United States, but life is becoming ever tougher for ordinary citizens unable to afford basic necessities or rent as a US blockade cuts the state's financial lifeline - oil exports. uncertain
blockade → radiate → lifeline
From an engineer forced out of Tehran by high rent to a woman forced to stop smoking because of the price of cigarettes and carers struggling to buy medicines, all areas of daily life are affected. asserted
areas → force → life
"I'm forced to sell my items with a very small and negligible profit, yet I can't close my business because then I'd be unemployed," said Behnam Riazi, a restaurant owner interviewed on camera in Tehran. asserted
Riazi → force → Tehran
Riazi cannot raise his prices because his customers cannot pay more - any most anyway buy only necessities now. asserted
most → raise → necessities
How far economic strains may push Iran towards diplomatic compromise is unclear, as it tightens its own stranglehold on Gulf energy exports through the Strait of Hormuz, driving up oil and gas prices in the US and around the world. uncertain
it → push → world
ECONOMIC MISERY MAY SPUR DIPLOMACY However, the latest burst of diplomacy was partly spurred by economic strains, US, Middle Eastern and Iranian sources said last week. uncertain
sources → spur → strains
Iranian officials have repeatedly expressed fears of unrest, and cracked down ruthlessly on rumblings of dissent. asserted
officials → express → dissent
In January, over a month before the US and Israel began their war on Iran, authorities killed thousands of demonstrators exasperated by years of cumulative economic distress. asserted
authorities → begin → distress
But now, all those Reuters spoke to said they had too many daily worries to think about protesting. asserted
they → speak → worries
Hediyeh, a housewife in her 60s in northern Iran, survives on her husband's civil service pension. asserted
Hediyeh → survive → pension
She can barely afford medicine or even the adult diapers needed by her elderly mother, who has Alzheimer's disease. asserted
who → afford → disease
She wanted to buy her grandson a new bag for his first day at school this autumn, but it cost five or six times what she had expected, and in the end she could only buy him a notebook and pencils. uncertain
she → want → notebook
Like most of the Iranians Reuters interviewed by phone or messaging app, she did not want to be identified, fearing punishment for speaking to foreign media. asserted
she → interview → media
A.J., a teacher who asked only to be identified by his initials, also said he cannot always afford the medicine his mother needs. asserted
mother → ask → medicine
He has already moved in with his mother and siblings in a northern village, leaving Tehran after schools moved online because of the war, but fears he will no longer be able to afford to return if in-person teaching resumes. asserted
teaching → move → person
In Sanandaj, capital of Kurdistan province, 34-year-old psychotherapist Nazanin has given up smoking because of the cost after having previously found it impossible to do so, she said. asserted
she → give → cost
Those who can afford to bypass the usual ways of obtaining goods or services through the black market are finding it has become more pervasive, though the cost has gone up. asserted
cost → afford → market
One man said he had paid $200 in hard currency to a surgeon to get around the bureaucratic process needed for an operation. asserted
he → say → operation
Another said police requests for bribes were growing more frequent, and that he had had to pay more than before after being stopped at a checkpoint without identification papers. asserted
he → say → papers
JOBS BEING CUT IN PRIVATE SECTOR asserted
JOBS → CUT → SECTOR
An architect, who only gave his initials A.A., said even wealthier Iranians were cutting back: "All of them have become poor relative to the lifestyle they used to have." asserted
they → give → lifestyle
His car had a puncture last week and he is having to drive on a spare tyre for the two weeks it takes to get a cheap replacement; he can no longer afford those available immediately. asserted
he → have → those
He worries that Iran is heading for fuel shortages, which could disrupt supply chains and cause wider economic havoc. uncertain
which → worry → havoc
Already, the war is causing heavy job losses across the private sector. asserted
war → cause → sector
M.H., a woman in Tehran who also asked to be identified only by her initials, said she had lost her job this month in the procurement department of a local business even though her one-year contract had only been renewed the previous day. asserted
contract → ask → business
She now has to return the money the company had paid into Iran's social security system for the coming year. asserted
company → have → year
Her family has strictly prioritised spending, with food at the top. asserted
family → prioritise → top
"Thank goodness we can still afford the internet, so we can stay connected online, maybe watch a film," she said. asserted
she → thank → film
Bijan, 40, a former engineer who now offers tuition to students to make money, said he and his wife had left their Tehran flat and moved to an area he described as "half slum" outside the capital. asserted
he → offer → capital
The couple have exhausted their savings and plan to move to another city where they hope to live more cheaply. asserted
they → exhaust → city
Shop owners see the slide in living standards better than most. asserted
owners → see → most
Ramin Yousefnia said in an on-camera interview in Tehran that all the customers in his grocery shop had cut down. asserted
customers → say → shop
"Something they used to buy five or 10 of, they can only buy two of now," he said. asserted
he → use → two
"Don't even get me started on savings. asserted
me → get → savings
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