Tehran, Iran – The Iranian government is putting into place contingency plans for basic governance as the threat of another war with the United States and Israel looms large. A working group was also formed, tasked with ensuring the increased flow of essential goods, particularly food. However, Central Bank of Iran chief Abdolnasser Hemmati said at the meeting with the governors in Tehran that the currency market was “following its natural course”. To add insult to injury, the announcement of the subsidy scheme contributed to an abrupt tripling or quadrupling of prices for some essential goods, including cooking oil and eggs. TEDPIX, the main index of the Tehran Stock Exchange, continued its recent decline on Wednesday, losing 30,000 points to stand at 3,980,000.