Moneycontrol

How Iran’s economic protests snowballed into nationwide unrest

Dozens of people have been killed and thousands arrested as the daily protests have grown and the government seeks to contain them.

January 09, 2026 / 22:29 IST
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Protests sparked by Iran’s ailing economy have swept the country and turned into a significant challenge for its theocracy.
Snapshot AI
  • Protests in Iran spread nationwide over economic woes and currency collapse
  • Death toll rises to at least 62, with over 2,300 detained amid violent clashes
  • Govt blocks internet and calls to curb protests and external influence

Demonstrations broke out in Iran on December 28 and have spread nationwide as protesters vent their increasing discontent over the Islamic Republic's faltering economy and the collapse of its currency. Dozens of people have been killed and thousands arrested as the daily protests have grown and the government seeks to contain them. While the initial focus had been on issues like spikes in the prices of food staples and the country's staggering annual inflation rate, protesters have now begun chanting anti-government statements as well.

Here is how the protests developed: December 28: Protests break out in two major markets in downtown Tehran, after the Iranian rial plunged to 1.42 million to the US dollar, a new record low, compounding inflationary pressure and pushing up the prices of food and other daily necessities. The government had raised prices for nationally subsidized gasoline in early December, increasing discontent.

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December 29: Central Bank head Mohammad Reza Farzin resigns as the protests in Tehran spread to other cities. Police fire tear gas to disperse protesters in the capital.

December 30: As protests spread to include more cities as well as several university campuses, Iranian President Masoud Pezeshkian meets with a group of business leaders to listen to their demands and pledges his administration will “not spare any effort for solving problems” with the economy.