Iran's economy is at risk of simultaneous hyperinflation and severe recession, officials and analysts say, as clerical rulers scramble to preserve stability with limited room to manoeuvre after a snapback of UN sanctions.
They followed a breakdown in talks to curb Iran's disputed nuclear activity and its ballistic missile programme.
Diplomacy to resolve the deadlock remains possible, both sides say, though Iranian Supreme Leader Ayatollah Ali Khamenei has rebuffed U.S. President Donald Trump's offer to forge a new deal.
Three senior Iranian officials, speaking on condition of anonymity, said Tehran believes the U.S., its Western allies and Israel are intensifying sanctions to fuel unrest in Iran and jeopardise the very existence of the Islamic Republic.
Since the reimposition of UN sanctions on 28 September, multiple high-level meetings have been held in Tehran on how to avert economic collapse, circumvent sanctions and manage simmering public anger, the officials told Reuters.
Deepening economic disparities between ordinary Iranians and a privileged clerical and security elite, economic mismanagement, galloping inflation - reported even by state media - have fanned discontent.
But analysts warn that such workarounds may not be enough to shield the sprawling country of 92 million people from the renewed economic blow.
"The impact of the UN sanctions will be severe and multifaceted, deepening the country’s longstanding structural and financial vulnerabilities,” said Umud Shokri, an energy strategist and senior visiting fellow at George Mason University near Washington.
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Afghanistan’s consul general in Mashhad and the governor of Iran’s Khorasan Razavi province have discussed expanding trade, improving border transit and accelerating the transfer of Afghan prisoners.
Central Asia is facing growing water stress after five consecutive years of drought, with rising temperatures, depleted soil moisture and shrinking groundwater reserves placing increasing pressure on the region, according to a new EU report.
Iran’s Revolutionary Guards (IRGC) said on Monday they targeted the source of an attack on a telecom facility on Sirik Island near the strategic Strait of Hormuz, Tasnim News Agency reported.
Donald Trump said he is “in no hurry” to reach a deal with Iran, insisting the U.S. is slowly getting what it wants. He warned military action remains an option if talks fail. Meanwhile, U.S. forces said they fired a missile at a vessel trying to breach Washington’s blockade of Iran.
U.S. rapper Kanye West, now known as Ye, performed to a crowd of 118,000 people in Istanbul on Saturday night, marking his first concert in Europe in more than a decade, despite being barred from performing in several countries over past antisemitic remarks.
Okinawa lost transport links and suffered widespread power outages on Monday (1 June) as Severe Tropical Storm Jangmi brought destructive winds and heavy rain to Japan's south-western islands.
Donald Trump said he is “in no hurry” to reach a deal with Iran, insisting the U.S. is slowly getting what it wants. He warned military action remains an option if talks fail. Meanwhile, U.S. forces said they fired a missile at a vessel trying to breach Washington’s blockade of Iran.
U.S. Secretary of State Marco Rubio has held talks with Lebanese President and Israeli Prime Minister on efforts to ease tensions between Israel and Lebanon. According to a U.S. official, Washington has proposed a plan aimed at achieving a gradual de-escalation of hostilities.
The World Health Organisation’s designation of the Bundibugyo Ebola virus outbreak as a Public Health Emergency of International Concern (PHEIC) is a stark reminder that Ebola remains a persistent global health threat rather than a disease of the past.
When Armenians vote on 7 June, they will be voting in an election shaped by months of political change and a rapidly deepening relationship with the European Union. The result may not only determine who governs Armenia but also the future direction of the country's geopolitical alignment.
The Baku-Tbilisi-Kars (BTK) railway is resuming operations on 2 June after extensive modernisation works. Officials from Azerbaijan, Georgia and Türkiye are set to gather in Akhalkalaki for a launch event marking the reopening of one of the Middle Corridor's most important transport links.
Kazakhstan is open to expanding its oil export routes through Azerbaijan and advancing joint energy infrastructure projects across the Caspian region, Energy Minister Yerlan Akkenzhenov told AnewZ in an exclusive interview in Baku.
Russia's Foreign Ministry spokeswoman Maria Zakharova praised Georgia for resisting Western pressure (30 May), defending its national interests and pursuing a "multi-vector foreign policy" - language that closely mirrors the rhetoric of the ruling Georgian Dream party.
As Armenia approaches parliamentary elections, Russia appears to be increasing political and economic pressure on Yerevan, signalling that closer integration with the EU could lead to significant changes in labour, transport and energy arrangements between the two countries.
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