Armenian analyst says Iran conflict driving price hikes, regional instability

Rising consumer prices in Armenia reflect the economic fallout of the war against Iran, according to political analyst Varuzhan Geghamyan.

Writing on social media on Wednesday, Geghamyan said the impact of the conflict has “not disappeared but strengthened”, pointing to higher costs visible on store shelves. He cited U.S. media reports, referencing intelligence sources, that Iran has rebuilt much of its military capacity lost in the early weeks of the war, including missile systems, bolstering its resilience.

“This shows that in negotiations, strength comes from principle, not concessions,” Geghamyan argued, adding that “nothing is finished in the region.”

He linked the current situation to Armenia’s security challenges, recalling that five years ago Azerbaijani forces invaded sovereign Armenian territory in Syunik Province, while Yerevan’s leadership opted for talks rather than immediate withdrawal. “They did not leave, they deepened their presence and are preparing to advance further,” he said.