MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
logo
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • AI poses new oversight challenges for Macau’s gaming and financial sectors

  • Surveillance camera network to reach 1,751 by year end

  • Youth interest in Greater Bay Area careers grows, DSEDJ says

  • New company registrations hit over 1,500 in Q3, mostly small businesses

  • Macau-Hengqin border crossing for UM campus targeted for 2028 opening

  • CPC initiates key election procedure

World
Home›World›Iran | People say their ‘bones breaking’ under US sanctions

Iran | People say their ‘bones breaking’ under US sanctions

By -
Tuesday, June 25, 2019
97
0

People shop at the old main bazaar in Tehran

As the U.S. piles sanction after sanction on Iran, it’s the average person who feels it the most.

From a subway performer’s battered leather hat devoid of tips, to a bride-to-be’s empty purse, the lack of cash from the economic pressure facing Iran’s 80 million people can be seen everywhere.

Many blame President Donald Trump and his maximalist policy on Iran, which has seen him pull out of Tehran’s 2015 nuclear deal with world powers and levy punishing U.S. sanctions on the country.

In recent weeks, Iran has threatened to break out of the deal unless European powers mitigate what it calls Trump’s “economic warfare.” Iran also appeared ready to push back against the buildup of U.S. forces in the region, after shooting down an American drone it says violated its airspace last week.

In response, U.S. officials have vowed to pile on more sanctions.

But alongside Trump, many Iranians blame their own government, which has careened from one economic disaster to another since its Islamic Revolution 40 years ago.

“The economic war is a reality and people are under extreme pressure,” said Shiva Keshavarz, a 22-year-old accountant soon to be married.

She said government leaders “keep telling us to be strong and endure the pressures, but we can already hear the sound of our bones breaking.”

Walking by any money exchange shop is a dramatic reminder of the hardships most people are facing. At the time of the nuclear deal, Iran’s currency traded at 32,000 rials to USD1. Today, the numbers listed in exchange shop windows have skyrocketed — it costs over 130,000 rials for one U.S. dollar.

Inflation is over 37%, according to government statistics. More than 3 million people, or 12% of working-age citizens, are unemployed. That rate doubles for educated youth.

Depreciation and inflation make everything more expensive — from fruits and vegetables to tires and oil, all the way to the big-ticket items, like mobile phones. A simple cell phone is about two months’ salary for the average government worker, while a single iPhone costs a 10 months’ salary.

“When importing mobile phones into the country is blocked, dealers have to smuggle them in with black market dollar rates and sell them for expensive prices,” said Pouria Hassani, a mobile phone salesman in Tehran. “You can’t expect us to buy expensive and sell cheap to customers. We don’t want to make a loss either.”

Hossein Rostami, a 33-year-old motorbike taxi driver and deliveryman, said the price of brake pads alone had jumped fivefold.

“The cause of our problems is the officials’ incompetence,” he told The Associated Press as fellow motorbike drivers called out for passengers in Tehran. “Our country is full of wealth and riches.”

The riches part is true — Iran is home to the world’s fourth-largest proven reserve of crude oil and holds the world’s second- largest proven reserve of natural gas, after Russia.

But under Trump’s maximum-pressure campaign, the U.S. has cut off Iran’s ability to sell crude on the global market, and threatened to sanction any nation that purchases it. Oil covers a third of the $80 billion a year the government spends in Iran, meaning that a fall in oil revenues cuts into its social welfare programs, as well as its military expenditures.

The rest of the country’s budget comes from taxes and non-oil exports, among them oil-based petrochemical products that provide up to 50% of Iran’s $45 billion in non-oil export.

In Tehran’s Laleh park, retired school teacher Zahra Ghasemi criticized the government for blaming “every problem” on U.S. sanctions.

She says she has trouble paying for her basic livelihood. The price of a bottle of milk has doubled, along with that of vegetables and fruit.

“We are dying under these pressures and a lack of solutions from officials,” Ghasemi said.

Years of popular frustration with failed economic policies triggered protests in late 2017, which early the following year spiraled into anti-government demonstrations across dozens of cities and towns.

The current problems take root in Iran’s faltering efforts to privatize its state-planned economy after the devastating war with Iraq in the 1980s, which saw 1 million people killed.

But Oil Minister Bijan Zanganeh said earlier this month that the crunch on oil exports is hitting harder today than during the 1980s war, when Saddam Hussein’s forces targeted Iran’s oil trade.

“Our situation is worse than during the war,” Zanganeh said. “We did not have such an export problem when Saddam was targeting our industrial units. Now, we cannot export oil labeled Iran.”

Still, many Iranians pin the economic crisis on corruption as much as anything else.

“Our problem is the embezzlers and thieves in the government,” said Nasrollah Pazouki, who has sold clothes in Tehran’s Grand Bazaar since before the 1979 Islamic Revolution. “When people come to power, instead of working sincerely and seriously for the people, we hear and read after a few months in newspapers that they have stolen billions and fled.”

He added: “Whose money is that? It’s the people’s money.”

Sanctions do cause some of the problems, said Jafar Mousavi, who runs a dry-goods store in Tehran. But many of the woes are self-inflicted from rampant graft, he said.

“The economic war is not from outside of our borders but within the country,” Mousavi said. “If there was integrity among our government, producers and people, we could have overcome the pressures.”

Yet people come and go each day to work on Tehran’s crowded metro, seemingly earning less each day for the same work. In one train car, Abbas Feayouji and his son Rahmat play mournful-sounding traditional love songs known as “Sultan-e Ghalbha,” or “King of Hearts” in Farsi.

“People pay less than before,” said the elder Feayouji, a 47-year-old father of three, as he took a short break to speak to the AP. “I don’t know why they do, but it shows people have less money than before.” Nasser Karimi & Mohammad Nasiri, Tehran, AP

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on WhatsApp (Opens in new window) WhatsApp
  • Print (Opens in new window) Print

Like this:

Like Loading…

Related

Previous Article

Report: US must communicate better with hostage ...

Next Article

India | Death toll in encephalitis outbreak ...

Related articles More from author

  • World

    Abuse survivors demand Vatican transparency, accountability

    Friday, February 22, 2019
    By -
  • World

    The Buzz | UK to exclude Huawei from role in high-speed phone network

    Wednesday, July 15, 2020
    By -
  • World

    Relics seized from smugglers are returning to Afghanistan

    Friday, April 23, 2021
    By -
  • World

    Efforts underway for 2nd round of US-Iran talks as ships reported transiting Hormuz

    Wednesday, April 15, 2026
    By MDT/AP
  • World

    Offbeat | Greek justice pursues jobless father-of-3 beyond the grave

    Friday, May 1, 2015
    By -
  • World

    UEFA members decide to back suspended Michel Platini 

    Friday, October 16, 2015
    By -

Leave a reply Cancel reply

You must be logged in to post a comment.

  • HeadlinesMacau

    1MDB FINANCIAL SCANDAL | PJ says Low may have left Macau to an unknown location

  • Extra TimesTaste of Edesia

    TASTE OF EDESIA | A heart warming Christmas

  • Asia-PacificHeadlines

    Indonesia | New mill raises doubts about APP’s forests pledge

DAILY EDITION

Tuesday, November 10, 2026 – edition no. 5071
Tuesday, November 10, 2026 – edition no. 5071

Greater Bay

MDT MACAU GRAND PRIX SPECIAL

November 2026
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« Oct    

Timeline

  • Tuesday, November 10, 2026

    AI poses new oversight challenges for Macau’s gaming and financial sectors

  • Tuesday, November 10, 2026

    Surveillance camera network to reach 1,751 by year end

  • Tuesday, November 10, 2026

    Youth interest in Greater Bay Area careers grows, DSEDJ says

  • Tuesday, November 10, 2026

    New company registrations hit over 1,500 in Q3, mostly small businesses

  • Tuesday, November 10, 2026

    Macau-Hengqin border crossing for UM campus targeted for 2028 opening

  • Tuesday, November 10, 2026

    CPC initiates key election procedure

  • Tuesday, November 10, 2026

    DSAJ expands range of online public services

  • Tuesday, November 10, 2026

    Food inspections record 99% pass rate in Q3

  • Tuesday, November 10, 2026

    Education Fund to switch to online repayments from January

  • Tuesday, November 10, 2026

    Temporary pedestrian walkway to open in Zone A

Extra Times

Extra TimesHeadlines

A fiery milestone: Feng Wei Ju’s 20th anniversary tribute to Starworld Macau

To celebrate the 20th anniversary of the iconic Starworld Macau, a special commemorative dinner was hosted at its crown jewel, Feng Wei Ju. Holding two Michelin stars, this esteemed restaurant ...
  • In ‘I Play Rocky,’ a middleweight crowd-pleaser about the making of a classic

    By MDT/AP
    Friday, November 6, 2026
  • Daddy Yankee’s first concept album is a reggaeton love letter

    By MDT/AP
    Friday, November 6, 2026
  • MGM Macau hosts Bocuse d’Or Gala

    By -
    Friday, November 6, 2026
  • A Symphony of Heritage: Reviving the Imperial Feast at Chai Jia Chai

    By Irene Sam, MDT
    Friday, October 30, 2026
  • Recent

  • Popular

  • AI poses new oversight challenges for Macau’s gaming and financial sectors

    By Nadia Shaw, MDT
    Tuesday, November 10, 2026
  • Surveillance camera network to reach 1,751 by year end

    By Yuki Lei, MDT
    Tuesday, November 10, 2026
  • Youth interest in Greater Bay Area careers grows, DSEDJ says

    By Yuki Lei, MDT
    Tuesday, November 10, 2026
  • New company registrations hit over 1,500 in Q3, mostly small businesses

    By -
    Tuesday, November 10, 2026
  • Macau-Hengqin border crossing for UM campus targeted for 2028 opening

    By -
    Tuesday, November 10, 2026
  • CPC initiates key election procedure

    By -
    Tuesday, November 10, 2026
  • DSAJ expands range of online public services

    By Renato Marques, MDT
    Tuesday, November 10, 2026
  • Canidrome may have its days numbered, decision in ‘one or two months’

    By Paulo Coutinho, MDT
    Thursday, May 26, 2016
  • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

    By -
    Wednesday, May 4, 2016
  • Editorial | Canidoomed

    By Paulo Coutinho, MDT
    Wednesday, June 1, 2016
  • Animal Welfare | Canidrome presented with ultimatum: close or move

    By Daniel Beitler, MDT
    Friday, July 22, 2016
  • Australia regulator cracks down on alleged exportation of dogs to Macau

    By Paulo Coutinho, MDT
    Friday, June 10, 2016
  • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

    By Daniel Beitler, MDT
    Friday, May 27, 2016
  • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

    By Catarina Pinto
    Monday, July 6, 2015
  • Contact our Administrator
  • Contact our Editor-in-Chief
  • Contacts
  • Our Team
  • Privacy Policy
  • Terms and Conditions
  • Editorial Statute
  • Code of Ethics
COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
MACAU DAILY TIMES
  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Loading Comments...

You must be logged in to post a comment.

%d