On Iran’s Border, Cooking Oil Trade Is a Snapshot of the Country’s Struggles
Iranians are crossing the border into Turkey to buy cooking oil due to the country's severe inflation crisis, with the International Monetary Fund projecting an inflation rate of nearly 70 percent for the year. The trade is a sign of the economic struggles faced by Iranians, who are also dealing with mass layoffs and a minimum wage equivalent to around $108 per month.
Iranians are crossing the border into Turkey to buy cooking oil, taking advantage of lower prices and selling it back home for a modest profit. The trade has spiked in recent days, with dozens of people seen carrying multiple bottles of oil into Iran. The cooking oil trade is a snapshot of Iran's economic struggles, with the country's inflation rate projected to be nearly 70 percent this year. Iran is facing mass layoffs and a minimum wage equivalent to around $108 per month. The economic crisis has been exacerbated by a war and internet shutdown, leading to a sharp increase in the cost of basic goods. The government has responded to protests with a deadly crackdown and executions.
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