Golnar Motevalli

Since the U.S. and Israel began bombing Iran in late February, the 56-year-old has been forced to lay off staff and forgo any non-essential spending to cope with surging costs.

Los habitantes en el Régimen Islámico deben recurrir a los pagos en cuotas y al crédito para los productos de primera necesidad.

Just three days into the conflict, the Iran war has become attritional. Waves of drone attacks by the Islamic Republic are putting pressure on the defenses of the U.S. and

(Bloomberg) -- The United Arab Emirates said it was cutting all economic ties with Tehran after accusing Iran of firing ballistic missiles at its territory, ramping up regional tensions.

World By Golnar Motevalli, Bloomberg News The Tribune Content Agency Updated August 19, 2026 9:19 AM Gift Article

(Bloomberg) -- The United Arab Emirates' decision to cut economic ties with Iran is likely to impose more pain on the Islamic Republic as it faces the loss of a vital trade link amid escalating tensions with the US.

The United Arab Emirates' decision to cut economic ties with Iran is likely to impose more pain on the Islamic Republic as it faces the loss of a vital trade link amid escalating tensions with the U.S.

Iran is facing mounting fuel shortages as the US squeezes its access to imports, stretching supplies of a commodity that’s previously sparked bouts of unrest in the country.

US sanctions are aimed at Iran’s leaders but regular people are already struggling.

Iran’s economy was already under strain before the US and Israel launched their war on the Islamic Republic, grappling with negative growth, soaring inflation and a currency crisis. Those problems were compounded by strikes on the nation’s civilian and industrial infrastructure and the US naval blockade of Iranian ports.