What you need to understand about the demonstrations rocking Iran amid government-imposed internet and phone blackouts
Widespread Unrest and Economic Crisis in Iran
Mass demonstrations have erupted across Iran as the country grapples with a deteriorating economy, prompting authorities to restrict access to the internet and phone services. The government is still dealing with the aftermath of a recent 12-day conflict initiated by Israel in June, during which the United States targeted Iranian nuclear facilities. Since the United Nations reinstated sanctions in September due to concerns over Iran's nuclear ambitions, financial strain has intensified, causing the Iranian rial to plummet to a rate exceeding 1.4 million per US dollar. At the same time, Iran's so-called “Axis of Resistance”—an alliance of regional states and groups—faces mounting challenges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Strategic Bitcoin Reserve Stalls Amid Interagency Legal Complications
Large bitcoin investors have accumulated more coins than at any time since the FTX crash in 2022
Trump throws UK automakers into turmoil once again
Cryptocurrency Market Stirs Enthusiasm as Bitcoin Holds Strong
