iranian-economy
  • Nicola Pedde 22 January 2026
    The history of the Islamic Republic of Iran—established in 1979 following the revolution that overthrew Shah Mohammad Reza Pahlavi—is marked by a dense sequence of developments that have progressively altered its political and institutional configuration. These changes, however, have only sporadically been recognized by Western analyses, which have instead tended to perpetuate a more functional and instrumental stereotype based on the image of a monolithic, highly verticalized religious autocracy. While such a characterization was broadly accurate during the first decade of the Islamic Republic, it has undergone a profound transformation since 1989.
  • Renzo Guolo 5 January 2026
    The protests over Iran’s economic crisis are putting the regime under severe strain. They risk acting as a detonator for an already highly unstable mix: the heavy impact of sanctions, the collapse of the rial to historic lows against the dollar, and an unprecedented energy and water crisis. These factors, compounded by systemic inefficiencies, are driving inflation to around 40 percent year on year. Taking to the streets are Tehran’s bazaar merchants, a group long decisive in determining whether power in Iran holds or collapses.
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