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Iran's rial hits new low after unrest sparked by economic crisis

Authorities arrested over 42,000 people amid protests triggered by economic hardship and currency collapse, with rights groups reporting thousands killed and widespread fear to suppress dissent.

  • On Jan 27, Iran's rial plunged to a record low of 1,500,000 rials to the U.S. dollar, losing about 5% of its value this month as markets reopened amid turmoil.
  • Economic hardship, including 60% household inflation, underpinned the demonstrations that began on December 28 in Tehran's Grand Bazaar, with Iranian subsidy reform replacing preferential FX rates amid rising food prices of about 80%.
  • Rights groups report large-scale arrests totaling 42,486 and a death toll of 6,373, while the Jan 8 internet blackout and hospital removals hindered reporting, HRANA said.
  • U.S. threats and naval movements heightened regional pressure on Tehran as U.S. President Donald Trump warned of intervention last week, while Mohammadreza Aref and Abdolnaser Hemmati defended subsidy and exchange reforms.
  • The December 28 unrest has become a sweeping legitimacy crisis for Iran's clerical establishment, with rights activists warning heavy repression risks more protests and analysts citing possible Strait of Hormuz blockade threats.
Insights by Ground AI

48 Articles

Lean Right

Manifestants report shots, fear of hospitals monitored by Iranian forces and clandestine treatments. Doctors operate secretly, face arrests and charges while violence continues.

·Portugal
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Lean Right

The latest death toll compiled by the US-based human rights group HRANA stands at 6,373. The number of prisoners is 42,486, according to HRANA.

·Brazil
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Center

The World Health Organization (WHO) denounces attacks on personnel and health facilities during the crackdown on protests in Iran.

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Reuters broke the news in United Kingdom on Tuesday, January 27, 2026.
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