'Large Number' of Demonstrators Arrested After Mass Protests Close Iran's Grand Bazaar

Thousands of people took to the streets on Monday protesting rising prices and the plummeting value of Iran's currency, the rial

A group of protesters chant slogans at the old grand bazaar in Tehran, Iran, June 25, 2018.
AP

"A large number" of people who took part in a mass protest in Tehran's Grand Bazaar this week have been arrested and will likely face trial, said an Iranian prosecutor Tuesday.

Thousands of people took to the streets of the Iranian capital on Monday protesting rising prices and the plummeting value of Iran's currency, the rial.
It was the largest protest in Tehran since 2012, when international sanctions were crippling the nation's economy.

"A large number of the agitators, who had nothing to do with the bazaar traders, have been arrested," said Abbas Jafari Dolatabadi, Tehran's chief prosecutor.

Protest gatherings in Great Bazaar, June 26, 2018.

According to the ISNA news agency, Dolatabadi added that all of them were likely to face trial for their activities.

Though the unrest at the Grand Bazaar had died down on Tuesday, local media were reporting smaller protests in the surrounding area. According to some reports, many shopkeepers were forced to close their doors in anticipation of further unrest.

Public fears about U.S. sanctions against Iran, which will start being reinstated in August, and about the possible collapse of the Iran nuclear deal have set the rial into a downward spiral against the dollar on the unofficial foreign exchange market.