World Business Report The economic hardship for Iran and its citizens
Mar 5, 2026
Daria Guristrimba, founder of Globe7 Luxury Travel who organises private evacuations. Kerry Leahy, Columbia economist offering market and commodity analysis. Siavash Adelan, BBC Persian correspondent reporting on public sentiment in Iran. They discuss life inside Iran amid strikes and rationing. They examine regional evacuation logistics, soaring private-jet costs, and global market ripples from energy and conflict.
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Why Some Iranians Applaud Foreign Strikes
- Some Iranians celebrated US and Israeli strikes because they see attackers as potential liberators after the state's deadly crackdown.
- Siavash Adelan explains thousands died in recent protests, creating bitter resentment that makes some welcome strikes on regime targets.
Inflation, Not Shortages, Is Iran's Greater Crisis
- Iran has abundant food and fuel supplies but surging inflation has made essentials unaffordable for many before the war.
- Siavash Adelan notes inflation was over 60% pre-war and government stockpiled supplies and banned exports to avoid shortages.
Markets React To A Widening Gulf Conflict
- Financial markets fell on fears the war was widening and threatening oil flows, pushing Brent above $85 a barrel.
- Kerry Leahy links a torpedoed ship and Strait of Hormuz risks to investor anxiety and rising bond yields.