Unconfirmed reports suggest Iran may raise petrol prices from 3,000 to 87,200 tomans per liter, a 29-fold increase that could reignite widespread protests.
Rumours are circulating that petrol prices in Iran may jump from 3,000 to 87,200 tomans per litre, roughly 29 times the current price. If implemented, this could trigger severe public backlash and renewed unrest. In 2019, a threefold increase sparked major protests.
Petrol is heavily subsidized in Iran and currently sold well below global market prices.
IranThe USS John Finn (DDG 113) is enforcing a U.S. blockade against Iran in the Arabian Sea, with U.S. forces redirecting 70 commercial vessels, disabling 3, and boarding 2 as of August 23.
IranShin on X reports the Iranian rial is nearing 2,000,000 rials (200,000 tomans) per U.S. dollar, a new all-time low, after previously posting $1 = 1,975,000 rials.
IranThe Iranian rial fell to a new all-time low of 1,975,000 rials (197,500 tomans) per US dollar.
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