Iran to try risky economic concessions as it attempts to quell protesters’ anger

Iran is attempting economic reforms, including a shift in foreign exchange subsidies, to quell widespread protests driven by inflation, corruption, and declining living standards. The protests, now in their ninth day and spread across 26 provinces, have reportedly resulted in over 20 deaths and nearly 1,000 arrests. The government's proposed economic changes aim to provide direct subsidies to consumers, addressing issues with the previous system. Despite these efforts, the head of Iran's judiciary has stated that concessions to protesters are over, accusing the US and Israel of fueling the unrest. The US has vowed to defend protesters if attacked, while Iran accuses the US of "psychological warfare."

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