Economic Impact: Inflation, Shortages, and Uncertainty
One of the most immediate effects of the war is economic disruption. The Grand Bazaar, as a central trading hub, reflects these changes in real time.
Prices have surged dramatically. Inflation—already a challenge due to years of sanctions—has worsened under the strain of conflict. Essential goods, including food and household items, have become more expensive and, in some cases, scarce.
Merchants struggle to maintain their businesses. Supply chains have been disrupted, particularly due to tensions surrounding the Strait of Hormuz, a critical channel for global oil and trade.
With fewer imports and rising costs, many shopkeepers face difficult decisions: raise prices and risk losing customers, or absorb losses and risk closing altogether.
