Iran's Economy Teeters on Collapse Amid War with US and Israel

The economic strain on Iran has reached catastrophic levels due to its ongoing war with the US and Israel. Years of international sanctions and mismanagement had already crippled the country's economy, but the conflict has pushed it to the brink of collapse.

According to locals in Tehran, shopping lists have become shorter as inflation soars and purchasing power plummets. 'As things disappear from the dining table, fruit goes first, then dairy products, then anything considered non-essential,' a woman who wished to remain anonymous said.

The minimum monthly salary is around $100, but an average family of four spends 70% of their income on basic food items. The prices of staples like potatoes and eggs have skyrocketed in recent weeks, with the cost of a kilogram of potatoes increasing from 540,000 rials to 720,000 rials ($0.39-$0.52) in just one week.

US President Donald Trump's strategy is to increase economic pressure on Tehran by targeting its oil exports and imposing new sanctions. However, experts say it's unclear if this will work, as the Islamic republic has refused to budge on its key demands.