FT News Briefing Iranians protest over economic pain
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Jan 9, 2026 
Najmeh Buzorgmer, an Iran correspondent based in Tehran, dives into the significant protests erupting across Iran due to severe economic distress. She explains how a collapsing currency and soaring inflation have fueled discontent among the populace, highlighting alarming poverty levels. Najmeh also discusses the government's response, including policy changes and subsidy cuts, as well as the increasing violence amid unrest. Notably, she outlines how these protests differ from past movements, incorporating foreign influences and shifting political dynamics.
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Mining Megamerger Driven By Copper Demand
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- The deal reflects rising copper demand driven by AI data center construction and aging mine productivity.
Widespread Protests Sparked By Economic Collapse
- Protests in Iran are the largest in years and began with electronics traders hit by a collapsing rial.
- Economic pain spread to poorer neighborhoods as inflation, food and bread prices soared, leaving many families hungry.
Currency Crash Exacerbates Food Price Crisis
- The rial lost ~40% of its value in six months and inflation sits at 42%.
- Food inflation is ~72% and bread inflation 113%, creating severe hardship for the poor.