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Iran Ousts Economy Minister Amid Soaring Inflation Crisis

3/2/2025

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Summary

Story summary

In a dramatic move, Iran's parliament has ousted Economy Minister Abdolnaser Hemmati as the nation grapples with skyrocketing inflation and a plummeting rial, now nearly 940,000 to the US dollar. The decisive 182 to 89 vote underscores deepening power struggles and widespread discontent with President Masoud Pezeshkian's economic strategies, with many pointing fingers at the regime's broader policies for the turmoil.

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Story summary

In a dramatic move, Iran's parliament has ousted Economy Minister Abdolnaser Hemmati as the nation grapples with skyrocketing inflation and a plummeting rial, now nearly 940,000 to the US dollar. The decisive 182 to 89 vote underscores deepening power struggles and widespread discontent with President Masoud Pezeshkian's economic strategies, with many pointing fingers at the regime's broader policies for the turmoil.