Growing revolt: Radical inflation in Iran causing collapse of large middle class

Recent data from the International Monetary Fund amounts to more than just an economic alarm bell for Iran – it marks the Islamic theocracy’s descent into a new phase of structural collapse.

In 2025, Iran ranked among the top three countries with the steepest currency devaluation. This is not about routine monetary fluctuation, but rather a deliberate and sustained shift of wealth from the public to the state apparatus, driven by chronic high inflation and uncontrolled money printing. In this system...