Iran’s leaders are increasingly concerned that tougher US economic measures could deepen hardship and trigger renewed nationwide protests, Reuters reported Monday, citing Iranian officials and political insiders.
Three Iranian officials told Reuters that mounting domestic pressure posed a growing risk as the country deals with high inflation, a weakened currency, energy shortages, war damage and disrupted trade.
President Donald Trump said Friday that Washington would hit Iran hard economically, after Treasury Secretary Scott Bessent said measures Tehran had “never seen” could be imposed as early as this week.
Iran’s annual inflation reached 66% in July, while consumer prices were 87.9% higher than a year earlier and food inflation stood at 128%, according to Iran’s Statistical Centre.
Rents rose 31% year-on-year in March, while Iranian media reported housing prices in Tehran about 50% higher than a year earlier. The dollar value of Iran’s minimum wage has also fallen from about $105 to $86 since late March, Reuters reported.
The US naval blockade has added to economic pressure by disrupting trade and effectively cutting off gasoline imports, Iranian lawmaker Reza Sepahvand told ILNA on Saturday. Iran is producing about 130 million liters of gasoline a day against consumption of 137 million liters.
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