Iran's Economy Is In Shambles As War Takes Its Toll

Despite the bluster from Iranian officials on social media, it should come as no surprise that the country is not doing well economically. From the beginning of the conflict to current day, Iran has been dealt an estimated $270 billion to $300 billion in total damage due to a steady barrage of strikes, including numerous infrastructure targets from bridges, highways, railways, airports, etc. 

The three-month-long US blockade on Iran's oil exports have also taken a toll, with national oil output dropping from 2.2 million bpd to less than 300,000 bpd.  It is likely that there has been some long term damage to the regime's oil wells and they have lost approximately $6 billion in oil revenues so far.      

With a general information blackout in place, getting a proper estimation of the damages can be difficult.  However, in recent months many Iranian leaders and media sources have indicated a dangerous shift in the stability of the country.  The situation has become so volatile that citizens are reportedly turning to theft in order to get their hands on basic necessities including food.  

Iranian newspaper Jahan-e Sanat has reported increased theft of basic groceries over recent months, with store workers linking the trend to rising poverty. Related reports say meat is in short supply, there is reduced consumption of staples, subsidy shortfalls, and broader poverty pressures.

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Originally reported by ZeroHedge News
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