Early this May, the ultra-hardline government of President Ebrahim Raisi cut subsidies for flour and wheat pursuant to a greenlight in March by the Iranian parliament to slash select price controls. Days later, the government hiked prices on other staples such as dairy, poultry, and cooking oil.
Behnam Ben Taleblu is a senior fellow at the Foundation for Defense of Democracies (FDD) in Washington D.C., where he contributes to FDD’S Center on Economic and Financial Power (CEFP) and Iran program.
