Iran’s Energy Crisis: Mismanagement, Sanctions, and the High Cost of Geopolitics
Iran’s energy crisis, stemming from aging infrastructure, sanctions, and mismanagement, has shuttered 50% of its industrial parks due to widespread power and gas outages. A daily gas shortfall of 260 million cubic meters exacerbates the problem, impacting production and causing hundreds of billions of rials in damages. This crisis, coupled with recent unlawful price hikes, places immense pressure on employers and jeopardizes the country’s “Year of Production Leap” initiative. The government’s prioritization of residential energy consumption over industrial needs further compounds the economic strain.
John Q. Hosedrinker