Resilience under pressure: Iran’s leasing sector faces war, sanctions, and inflation

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Alejandro GonzalezTue, Jul 29, 2025, 2:07 PM 11 min readIran’s economy faces a turbulent path ahead in the aftermath of a 12-day war with Israel, compounding the pressure of longstanding Western sanctions, soaring inflation, and a deeply devalued currency.The conflict, which began on June 13 with Israeli airstrikes targeting senior military officials and nuclear scientists, escalated when the United States launched its own strikes on Iran’s nuclear facilities. Although a ceasefire was reached on 24 June, the economic fallout is already being felt.Iran’s projected economic growth has plummeted from 3.5% in 2024 to a forecast of just 0.3% for 2025, according to the International Monetary Fund. Inflation is expected to surge to 43.3% this year, and the Iranian rial continues to weaken sharply, particularly following renewed US sanctions.Against this backdrop of heightened economic and geopolitical uncertainty, Leasing Life spoke with Mohammad Hadi Moghaei, a key figure in Iran’s leasing industry.With nine years of experience as Secretary General of both the Iranian Leasing Companies Association and the National Leasing Association of Iran (a post he held until July 2021), Moghaei is now CEO of Razi Leasing Company — a member of the National Leasing Association. He is also an active member of the Money and Capital Market Commission at the Tehran Chamber of Commerce.Alejandro Gonzalez (AG), the editor of Leasing Life, spoke to Moghaei (MHM) to understand how Iran’s leasing sector is adapting to ongoing economic pressures.MHM: Before addressing your questions, I’d like to express my gratitude to you, Leasing Life and your editorial team.The 12-day war came as a shock to many of us. The conditions didn’t seem to point toward imminent conflict, so when it happened, it felt abrupt — almost surreal. It was an imposed situation that none of us had anticipated, and the initial reaction was disbelief, confusion, and concern.War, no matter where it happens, brings with it both visible destruction and invisible wounds — mental and emotional stress that can deeply affect people and businesses alike.As someone involved in economic activity, my first thoughts were not only for personal safety but for the sustainability of our business operations and the well-being of our teams.During those days, many companies temporarily shut down to protect their employees. While evacuations were limited, some residents, especially in Tehran, chose to leave for nearby cities, though most returned after a few days as the situation stabilised. Fortunately, business activity began to resume shortly after the ceasefire, and markets are gradually returning to a state of normalcy.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,438.50 +15.75 (+0.25%)Dow Futures45,095.00 +83.00 (+0.18%)Nasdaq Futures23,599.00 +107.75 (+0.46%)Russell 2000 Futures2,279.20 +9.90 (+0.44%)VIX14.71 -0.32 (-2.13%)Gold3,313.20 +3.20 (+0.10%)PortfolioSign in to access your portfolioSign inTop gainersSCLX Scilex Holding Company 15.52 +3.56 (+29.77%)STEM Stem, Inc. 18.91 +3.92 (+26.15%)NEGG Newegg Commerce, Inc. 39.08 +4.77 (+13.90%)LYEL Lyell Immunopharma, Inc. 13.73 +1.31 (+10.55%)SMCI Super Micro Computer, Inc. 60.05 +5.58 (+10.24%)Top losersCHPT ChargePoint Holdings, Inc. 9.91 -2.30 (-18.85%)ALB Albemarle Corporation 74.77 -8.97 (-10.71%)MCRB Seres Therapeutics, Inc. 13.24 -1.29 (-8.88%)KB KB Financial Group Inc. 78.40 -7.51 (-8.74%)RVTY Revvity, Inc. 95.04 -8.63 (-8.32%)Most activeNVDA NVIDIA Corporation 176.75 +3.25 (+1.87%)TSLA Tesla, Inc. 325.59 +9.53 (+3.02%)WBD Warner Bros. 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