21 June 2026

Iranians Welcome a Peace Deal, but Worry About What Comes Next

Time | Kay Armin Serjoie

Iranians welcomed the announcement of a preliminary peace deal after months of war, bringing relief from explosions and the prospect of an end to conflict-driven isolation and financial despair. However, this relief quickly gave way to uncertainty regarding the ceasefire's durability, the economy's recovery, and whether the war had strengthened the government domestically.

The nation was already experiencing an economic meltdown, with its national currency at record lows and point-to-point inflation soaring to 77% in May, according to Iran's Central Bank. Key industries like steel and petrochemical plants suffered heavy damage, and rebuilding will be challenging due to difficulties in securing financing and equipment. Many Iranians now agree with the Islamic Republic's view that the United States and Israel are untrustworthy enemies, blaming President Donald Trump for their economic hardships. This shift in public sentiment has reportedly strengthened the regime's core and diminished the public's will to protest.

No comments: