HMM:
🚨 Strikes are breaking out in Tehran, as shop owners protest impossible living conditions.
Why does this matter? Because Bazaars and markets in Iran are massively important for the economy, and strikes can truly suffocate the regime if they spread.
Will update. pic.twitter.com/1QsCmQhKvW
— 𝗡𝗶𝗼𝗵 𝗕𝗲𝗿𝗴 ♛ ✡︎ (@NiohBerg) December 29, 2024
Today, Sunday, December 29, 2024, large sections of Tehran’s bazaar went on strike in protest against crippling price hikes and skyrocketing currency rates. They organized a protest march, urging other merchants to join the strike.
The strike and protest began in the Shoemakers’ Bazaar and quickly spread to the Rasteh Bazaar, Small Charsu, the Fabric Sellers’ Bazaar, Bagh Sepahsalar, Seyyed Vali Passage, Hammam Chal Passage, and the Coppersmiths’ Bazaar. Shortly afterward, the fabric sellers in Abbasabad Passage, Sepah Bazaar, and Mellat Passage also joined the strike. Protesters chanted: “Courageous merchants, support, support!” “Don’t be afraid, don’t be afraid, shut it down, shut it down!” and “You can’t do business with an 80,000 toman dollar!”
In a statement, the merchants cited several reasons for their strike, including the shortage of raw materials due to soaring currency rates, severe economic stagnation caused by exorbitant prices, lack of liquidity in the market, and heavy taxes.
Developing…