Key insights and market outlook
Protests in Iran have escalated amid a severe economic crisis, with at least 29 deaths and over 1,200 arrests reported as of early January 2026 2
Protests have been ongoing in Iran for over a week, driven primarily by economic grievances. The demonstrations began with merchants in Tehran's bazaar protesting against the rapid currency devaluation and high inflation rates 1
The human toll of the protests has been severe, with at least 29 people reported dead and over 1,200 arrested as of early January 2026. These numbers highlight the intensity of the government's response to the demonstrations 2
Iranian authorities have acknowledged the economic difficulties facing the country but have attributed the protests to external interference and foreign-backed networks. Head of Iranian Police, Ahmadreza Radan, has vowed to deal with the remaining protesters 1
The situation has drawn international attention, with the United States expressing support for the demonstrators. Former US President Donald Trump stated that America would defend the protesters if they were attacked by Iranian security forces and warned of potential action if peaceful demonstrations were met with violence 2
The protests are rooted in Iran's ongoing economic crisis, characterized by currency depreciation and high inflation. These economic challenges have significantly impacted the livelihoods of ordinary Iranians, particularly merchants and traders who are at the forefront of the protests.
Iranian Currency Devaluation
Economic Protests Escalation
International Reactions to Unrest