Iran: The Weapon We Already had: why sanctions Should Have been the Answer for Iran
The Weapon We Already Had: Why Sanctions Should Have Been the Answer for Iran By Wahab Raofi The smoke has cleared over the Persian Gulf, but the real damage to the Iranian regime is unfolding somewhere else entirely: the grocery store. Economic data out of Tehran, as of August 2026, paints a picture of a nation in freefall. Iran's inflation rate has surged past 89%, while food inflation has climbed even higher. Basic staples like meat and dairy have grown scarce on household tables. On the open market, the rial has collapsed to a historic low against the dollar. The country is facing its worst economic crisis in decades, weighed down by a budget deficit in the hundreds of trillions of toman. These figures are moving targets in an active conflict, and any writer citing them owes readers a date stamp — but even accounting for reporting noise, the direction is unmistakable. This financial ruin is the most overlooked element of the current Iran debate. It illustrates a point...