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Retirees and Victims Protest in Several Cities in Iran; Electricity Workers in Noorabad Strike

Feb 4, 2026 February 4, 2026 3 min read 📰 VOA Persian
📋 Key Takeaway

Protests over economic conditions erupted in multiple Iranian cities, including gatherings of retirees and victims of financial fraud, as well as a strike by electricity workers. These events highlight widespread discontent with the government's handling of inflation and living standards, which have reached critical levels.

🔍 Quick Context Guide
💡 Bottom Line: Economic protests in Iran underscore deepening domestic discontent amid soaring inflation and poor living conditions.

👥 Key Players

Bank Mellat MENTIONED
Financial institution
"A major bank in Iran, involved in controversies over retirees' investments."
Amitis Company MENTIONED
Financial entity
"Accused of defrauding thousands of people, leading to significant financial losses."
Iranian Retirees Council MENTIONED
Advocacy group
"Represents retirees, highlighting economic grievances and organizing protests."
Ebrahim Raisi MENTIONED
President of Iran
"His government is criticized for economic mismanagement and high inflation."

📰 What Happened

Protests erupted in several Iranian cities over poor living conditions, involving retirees, victims of financial fraud, and striking electricity workers. Demonstrators expressed discontent with economic mismanagement and high inflation.

  • Retirees protested in Tehran and Kermanshah over lost investments and economic conditions.
  • Electricity workers in Noorabad went on strike due to low wages and poor working conditions.

💡 Why It Matters

🇮🇷 For Iran: Highlights widespread dissatisfaction with the government's economic policies and handling of inflation.
🌍 Regional: Economic instability in Iran can have ripple effects on regional stability and migration patterns.
🌐 International: Continued unrest in Iran may affect global oil markets and international diplomatic relations.

📚 Background

Iran is facing severe economic challenges, including high inflation and unemployment, exacerbated by international sanctions and internal mismanagement.

Iranian economy Inflation in Iran
📡 Source: INTERNATIONAL
📊 Confidence: 70%
Voice of America is generally considered reliable but may reflect Western perspectives on Iranian issues.

On Tuesday, May 15, protests over living conditions in Iran included a gathering of retirees from Bank Mellat in Tehran, protests by state retirees in Kermanshah, a strike by electricity workers in Noorabad, and a gathering of victims of Amitis Company. According to reports received by Voice of America and published on social media, a group of retirees and victims of Bank Mellat gathered on Tuesday in front of the bank's central building in Tehran. Participants in this protest shouted slogans such as 'The holding must be shut down, its assets must be divided' and 'The veterans are awake, they despise the traitors.' Protesters, some of whom had come from other provinces to protest in Tehran, asked Bank Mellat managers what had happened to their investments. In another event, the Telegram channel of the Iranian Retirees Council reported that retirees from various sectors including social security and telecommunications gathered on Tuesday in Kermanshah, chanting 'Unity, unity, against poverty and corruption' and 'Inflation is a scourge for the people.' Additionally, a group of employees from Noorabad Electricity Company went on strike on Tuesday, protesting their 'legal and living conditions' by spreading an empty table in front of the Lorestan Governorate building. According to the Iranian Retirees Council, the strike by Noorabad Electricity employees was in protest of 'low wages, discrimination in payment amounts, and the incomplete implementation of the job classification plan.' The gathering of victims of Amitis Company was another protest over living conditions on Tuesday. Based on a video from this protest, one victim stated that the company 'has over 10,000 victims and has defrauded the people of over 10 trillion tomans.' Protests over living conditions in Iran continue as news sources report that the Islamic Republic government has not only failed to control inflation but has also broken an 80-year record for inflation rates, which has risen above 52%. Meanwhile, the head of the Urban Development and Transportation Commission of the Tehran City Council announced that the prices of metro tickets, buses, and taxi fares have increased by up to 45% since the beginning of May, and reports indicate that the Islamic Republic government has recorded the highest rent increase in the history of official data. In recent days, the President of the Islamic Republic of Iran claimed that indicators show 'economic growth,' but an analyst in an interview with Voice of America emphasized the poor living conditions of the people, accusing Ebrahim Raisi's government of 'sophistry in data analysis,' preventing the publication of statistics, and resorting to 'promoting pseudoscience.'

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Translated from the original and edited for English readers. View original source →

Translation confidence: 85%

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