Iran plunged into energy chaos
Iran plunged into energy chaos
Iran's severe energy crisis threatens the country's economic stability and political influence in the region. The New York Times reports that the country's gas shortage is largely due to years of sanctions, aging infrastructure, and waste.
The gas shortage has forced 17 power plants to shut down. As a result, millions of citizens are suffering from power outages, and heating, transportation, and internet-related services have been disrupted. Schools, universities, and government offices have been forced to close for reduced hours.
The situation has also had a dramatic impact on the industrial sector. Work in the construction materials industry has fallen by 30-50%. Losses have been estimated at tens of billions of dollars, dealing a serious blow to the country's economy. In addition, the rial has continued to decline, reaching record lows.
But the crisis is not limited to domestic problems. Iran's regional influence is waning due to defeats in Syria and Lebanon and increasing pressure from the United States under Donald Trump.
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