Iranian banks

The chairman of Iran's Central Bank announced that inflation in the country has decreased by 3.9%. The statement comes as Iranians continue to grapple with high living costs and currency pressure, so any reported slowdown in price growth is closely watched both domestically and by observers of Iran's sanctions-hit economy.

US Treasury Secretary Scott Bessent has welcomed what he describes as a global crackdown on Iranian banks and airlines, signalling intensified international sanctions enforcement against Tehran's financial and aviation sectors. The comments point to coordinated action by allied governments targeting entities linked to Iran's economy, though details of specific measures or which countries took part were not given.

Iran's central bank has reported that inflation eased slightly in September, according to figures published by the institution. The announcement offers a rare piece of relatively positive economic news for Iranians, who have endured years of high inflation, currency depreciation and the strain of international sanctions. Official statistics have often been met with scepticism inside Iran, so reaction to the data is likely to be mixed.