Iranians Tighten Belts for Nowruz Festivities

People shop at a market in Tehran on March 12, 2024, as they prepare for Nowruz. (Photo by ATTA KENARE / AFP)
People shop at a market in Tehran on March 12, 2024, as they prepare for Nowruz. (Photo by ATTA KENARE / AFP)
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Iranians Tighten Belts for Nowruz Festivities

People shop at a market in Tehran on March 12, 2024, as they prepare for Nowruz. (Photo by ATTA KENARE / AFP)
People shop at a market in Tehran on March 12, 2024, as they prepare for Nowruz. (Photo by ATTA KENARE / AFP)

Millions of Iranians will travel to be with their families for Nowruz, the Persian New Year, on Wednesday but economic troubles in the sanctions-hit country are weighing on the festivities.

Iranians will celebrate the start of the year 1403 at exactly 26 seconds past 6:36am (0406 GMT) on March 20, matching the astronomical time of the spring equinox.

Globally, some 300 million people will wish each other "Happy New Year" ("Nowruz mobarak") including in Iran, Afghanistan, Kazakhstan and among Kurds in Türkiye, Iraq, Syria and elsewhere.

"It's the most important holiday of the year, the one where we forget our problems to get together with our loved ones and dream of a better year," said Marjan, a young woman from Tehran who, like the other people AFP spoke to, declined to give her full name.

Celebrated for 3,000 years, Nowruz marks a two-week break when Iranians travel within the country or, for the more fortunate, abroad. Yet many have plans for diminished feasts this year.

"Food products are far too expensive because of inflation," Afshar, a 44-year-old accountant, told AFP at the Tajrish bazaar in northern Tehran.

Annual inflation officially stands at 44 percent, according to local media, after hitting 46 percent last year.

"I bought meat at 700,000 toman (around $12) per kilo, but I only earn 9.8 million ($160) per month after a 30-year career," said a 68-year-old resident of Tehran who did not wish to be named.

In a bid to simplify transactions, Iranians have long referred to their currency as the toman and chopped off a zero.

"The situation is deplorable," said Ghassemi, a 28-year-old real estate agent, calling on the government "to mobilize to improve the situation and better manage the country".

Last Nowruz, Iran's supreme leader Ali Khamenei acknowledged that Iranians felt "bitterness" due to "high prices, particularly of food and basic necessities".

He then tasked the government with measures to implement "inflation control".

Authorities in Iran have blamed Western economic sanctions for the surge in prices.

The sanctions were reimposed by the United States in 2018 after Washington unilaterally withdrew from a 2015 agreement that eased sanctions in return for curbs on Tehran's nuclear program.

Since then, Iran has suffered from the continued devaluations of its currency and a surge in prices.

Despite the headwinds, Iran recorded stronger growth than expected in 2023.

The International Monetary Fund estimated that growth reached 5.4 percent last year and increased its 2024 forecast from 2.5 percent to 3.7 percent.

Iranian President Ebrahim Raisi recently denounced "the enemy's strategy" which he said aimed "to create despair within society".

He was speaking two weeks after the March 1 legislative elections, which had a turnout of just 41 percent, the lowest since the 1979 Revolution.

"Dissatisfaction" is high with the "economic, employment, poverty or inequality" situation, Hassan Khomeini, the grandson of the late Ruhollah Khomeini who founded the Islamic republic, told reformist newspaper Etemad on Saturday.

Many experts in Iran have attributed the low voter turnout to popular dissatisfaction, in particular over economic issues.



Turkish FM to Attend Trump’s Board of Peace Meeting in Washington, Italy as ‘Observer’ 

28 November 2025, Berlin: Turkish Foreign Minister Hakan Fidan during a joint press conference with German Foreign Minister Wadephul. (dpa)
28 November 2025, Berlin: Turkish Foreign Minister Hakan Fidan during a joint press conference with German Foreign Minister Wadephul. (dpa)
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Turkish FM to Attend Trump’s Board of Peace Meeting in Washington, Italy as ‘Observer’ 

28 November 2025, Berlin: Turkish Foreign Minister Hakan Fidan during a joint press conference with German Foreign Minister Wadephul. (dpa)
28 November 2025, Berlin: Turkish Foreign Minister Hakan Fidan during a joint press conference with German Foreign Minister Wadephul. (dpa)

‌Turkish Foreign Minister Hakan Fidan will travel to Washington in lieu of President Recep Tayyip Erdogan for the inaugural meeting of US President Donald Trump's "Board of Peace" on Thursday, the foreign ministry said on Wednesday.

A Turkish diplomatic source told Reuters ‌that Fidan, during the ‌talks, would call ‌for ⁠determined steps to ⁠resolve the Palestinian issue and emphasize that Israel must end actions to hinder the flow of aid into Gaza and stop its ceasefire violations.

Fidan ⁠will also reiterate Türkiye's ‌readiness ‌to contribute to Gaza's reconstruction and its ‌desire to help protect Palestinians ‌and ensure their security, the source said.

He will also call for urgent action against Israel's "illegal ‌settlement activities and settler violence in the West Bank", ⁠the ⁠source added.

According to a readout from Erdogan's office, the president separately told reporters on Wednesday that he hoped the Board of Peace would help achieve "the lasting stability, ceasefire, and eventually peace that Gaza has longed for", and would focus on bringing about a two-state solution.

The board, of which Trump is the chairman, was initially designed to oversee the Gaza truce and the territory's reconstruction after the war between Hamas and Israel.

Meanwhile, Italy will be present at the meeting as an "observer", Italian Foreign Minister Antonio Tajani said Wednesday.

"I will go to Washington to represent Italy as an observer to this first meeting of the Board of Peace, to be present when talks occur and decisions are made for the reconstruction of Gaza and the future of Palestine," Tajani said according to ANSA news agency.

Italy cannot be present as anything more than an observer as the country's constitutional rules do not allow it to join an organization led by a single foreign leader.

But Tajani said it was key for Rome to be "at the forefront, listening to what is being done".

Since Trump launched the Board of Peace at the World Economic Forum in Davos in January, at least 19 countries have signed its founding charter.


Energy Secretary: US to Stop Iran's Nuclear Ambitions 'One Way or the Other'

US Secretary of Energy Chris Wright speaks during a press conference after a meeting with Venezuela's acting president Delcy Rodriguez at the Miraflores Presidential Palace in Caracas on February 11, 2026. (Photo by Juan BARRETO / AFP)
US Secretary of Energy Chris Wright speaks during a press conference after a meeting with Venezuela's acting president Delcy Rodriguez at the Miraflores Presidential Palace in Caracas on February 11, 2026. (Photo by Juan BARRETO / AFP)
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Energy Secretary: US to Stop Iran's Nuclear Ambitions 'One Way or the Other'

US Secretary of Energy Chris Wright speaks during a press conference after a meeting with Venezuela's acting president Delcy Rodriguez at the Miraflores Presidential Palace in Caracas on February 11, 2026. (Photo by Juan BARRETO / AFP)
US Secretary of Energy Chris Wright speaks during a press conference after a meeting with Venezuela's acting president Delcy Rodriguez at the Miraflores Presidential Palace in Caracas on February 11, 2026. (Photo by Juan BARRETO / AFP)

The United States will deter Iran from acquiring nuclear weapons "one way or the other", US Energy Secretary Chris Wright warned on Wednesday.

"They've been very clear about what they would do with nuclear weapons. It's entirely unacceptable," Wright told reporters in Paris on the sidelines of meetings of the International Energy Agency.

"So one way or the other, we are going to end, deter Iran's march towards a nuclear weapon," Wright said.

US and Iranian officials held talks in Geneva on Tuesday aimed at averting the possibility of US military intervention to curb Tehran's nuclear program.

Iran said following the talks that they had agreed on "guiding principles" for a deal to avoid conflict.

US Vice President JD Vance, however, said Tehran had not yet acknowledged all of Washington's red lines.


Iran, Russia to Conduct Joint Drills in the Sea of Oman 

This handout photo released by Iran's Revolutionary Guards Corps (IRGC)'s official website Sepanews on February 17, 2026, shows boats maneuvering around a tanker vessel during a military exercise by members of the IRGC and navy in the Strait of Hormuz. (Sepahnews / AFP)
This handout photo released by Iran's Revolutionary Guards Corps (IRGC)'s official website Sepanews on February 17, 2026, shows boats maneuvering around a tanker vessel during a military exercise by members of the IRGC and navy in the Strait of Hormuz. (Sepahnews / AFP)
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Iran, Russia to Conduct Joint Drills in the Sea of Oman 

This handout photo released by Iran's Revolutionary Guards Corps (IRGC)'s official website Sepanews on February 17, 2026, shows boats maneuvering around a tanker vessel during a military exercise by members of the IRGC and navy in the Strait of Hormuz. (Sepahnews / AFP)
This handout photo released by Iran's Revolutionary Guards Corps (IRGC)'s official website Sepanews on February 17, 2026, shows boats maneuvering around a tanker vessel during a military exercise by members of the IRGC and navy in the Strait of Hormuz. (Sepahnews / AFP)

Iran and Russia will conduct naval maneuvers in the Sea of Oman on Thursday, following the latest round of talks between Tehran and Washington in Geneva, Iranian media reported.

On Monday, the Revolutionary Guards, the ideological arm of Iran's military, also launched exercises in the strategic Strait of Hormuz, a challenge to US naval forces deployed in the region.

"The joint naval exercise of Iran and Russia will take place tomorrow (Thursday) in the Sea of Oman and in the northern Indian Ocean," the ISNA agency reported, citing drill spokesman, Rear Admiral Hassan Maghsoudloo.

"The aim is to strengthen maritime security and to deepen relations between the navies of the two countries," he said, without specifying the duration of the drill.

The war games come as Iran struck an upbeat tone following the second round of Oman-mediated negotiations in Geneva on Tuesday.

Previous talks between the two foes collapsed following the unprecedented Israeli strike on Iran in June 2025, which sparked a 12-day war that the United States briefly joined.

US President Donald Trump has deployed a significant naval force in the region, which he has described as an "armada."

Iranian officials have repeatedly threatened to block the Strait of Hormuz, particularly during periods of tension with the United States, but it has never been closed.

A key passageway for global shipments of oil and liquefied natural gas, the Strait of Hormuz has been the scene of several incidents in the past and has returned to the spotlight as pressure has ratcheted amid the US-Iran talks.

Iran announced on Tuesday that it would partially close it for a few hours for "security" reasons during its own drills in the strait.