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Iran buckles under war, 90% inflation and blackouts amid US-Israel conflict

Iran buckles under war, 90% inflation and blackouts amid US-Israel conflict

Al Jazeera·21 July 2026

Iran is suffering catastrophic economic collapse — 90% inflation, 134% food inflation, currency at all-time lows, electricity blackouts, and hundreds of billions in war damage — as a US-Israel military campaign dismantles its infrastructure. This aligns with biblical prophecy depicting the downfall of Persia (modern Iran) as a precondition for the end-times alignment of nations, particularly Ezekiel's vision of a weakened Persia unable to act independently before the Gog-Magog coalition. Ezekiel 38 lists Persia among the nations that will ultimately march against Israel, but first comes a period of national distress and realignment that scripture suggests precedes that final gathering.