The Iranian parliament has initiated impeachment proceedings against the finance minister, highlighting a deepening economic crisis. Lawmakers have expressed strong dissatisfaction with the country's financial situation, pointing to soaring inflation and a dramatic decline in the value of the national currency, the rial. The rial's value has plummeted on the unofficial market, reaching over 920,000 per US dollar, compared to less than 600,000 in mid-2024. This significant devaluation has sparked widespread criticism from politicians who argue that it is exacerbating the already dire economic conditions faced by ordinary citizens.

Criticism of the finance minister has been intense, with many lawmakers attributing the economic struggles to his policies. President Masoud Pezeshkian plans to defend Abdolnaser Hemmati, the finance minister, emphasizing his efforts to stabilize the economy despite external pressures. However, the opposition remains firm in its belief that the minister's tenure has contributed to rising prices and unaffordable essential goods, including medicines and medical equipment. The debate underscores the broader challenges Iran faces, particularly in light of ongoing Western sanctions that have severely impacted the nation's economic stability since 2018.

The economic strain on Iran has been profound, with runaway inflation and high unemployment rates affecting everyday life. Since the United States withdrew from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action, the situation has worsened. The return of stringent sanctions under the "maximum pressure" policy has further crippled the Iranian economy. Despite these challenges, the country's leadership continues to strive for economic revival and seeks ways to mitigate the impact of international sanctions. The upcoming vote on the finance minister's impeachment will be closely watched as a critical moment in Iran's ongoing struggle to address its economic woes and improve the livelihoods of its people.