Bloomberg: “The frustrations Iranians are reacting to go beyond state-backed violence, political repression, and social strictures. The country has been isolated from the global economy for as long as many of the protesters have been alive, with occasional flickers of hope that some kind of rapprochement could be at hand.”
“The resulting economic malaise is taking a toll. Inflation surpassed 52% in June, and more than a quarter of those age 15 to 24 are out of work. That’s produced a volatile backdrop for potential unrest.”
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