Reports from various Iranian cities indicate an economic downturn and market recession, with shopkeepers in bazaars lamenting that “no business is happening,” the markets are in “winter hibernation mode,” and the usual festive atmosphere of Nowruz, the Persian new year, is absent.
VOA Persian: Nowruz markets in 'hibernation' mode
FILE - Iranian people walk at a flower market, ahead of Nowruz, the Persian new year, in Tehran, Iran, March 17, 2024. (Majid Asgaripour/WANA via Reuters)