u/maineveteran

UAE trade embargo could shut Iran’s key economic escape route: Here’s why | Al Jazeera
▲ 11 r/NewIran

UAE trade embargo could shut Iran’s key economic escape route: Here’s why | Al Jazeera

>Kimmitt told Al Jazeera that the UAE’s trade embargo could indeed hurt Iran more than any US sanctions to date.

>He noted that Dubai has quietly become Tehran’s most important trading partner, surpassing China and Turkiye and supplying roughly one-third of Iran’s annual imports.

>“I don’t think that you can overstate or understate the importance of the trade, both financial and goods trade, between Dubai and Iran,” Kimmitt said.

>That reliance runs deeper than goods on ships, given Dubai’s standing as a global financial hub, which Kimmitt said has long given Iran a discreet way to move money around international sanctions, cutting off a route Tehran has long relied on for years.

aljazeera.com
u/maineveteran — 14 hours ago
▲ 29 r/NewIran

Pezeshkian says Iranians must accept inflation as country is in war

Iran, Pezeshkian said, had suffered serious economic and infrastructure damage and could not pretend conditions were normal.

“It is not the case that we have not been harmed,” he said. “We must take on a wartime condition.”

Attacks, he said, had damaged around 230 million cubic meters of gas infrastructure as well as power plants, petrochemical facilities and major industrial sites, including Iran’s largest steel producer.

“We cannot say the enemy is collapsing and we are flourishing,” he said. “They have problems and we have problems too.”

The president said the public need to lower expectations and reduce consumption in order to withstand the situation.

Oil exports and fuel production under pressure

Pezeshkian also acknowledged growing difficulties in exporting Iranian oil and securing revenues under sanctions and regional pressure.

“They blocked the way and we are not exporting oil either,” he said. “We cannot export oil easily.”

Shoppers buy fruit and vegetables at a market in Tehran amid rising food prices.

Tax collection, he added, had become increasingly difficult because businesses and trade sectors were under economic strain.

Pezeshkian warned that fuel shortages and inflation would worsen without tighter management of energy consumption, saying gasoline production had fallen after damage to production facilities.

“Our gasoline production capacity has fallen. They hit it,” he said.

According to Pezeshkian, Iran currently produces around 100 million liters of gasoline per day while domestic demand has reached roughly 150 million liters daily.

“Do we even have the dollars to import gasoline and burn it?” he said.

The president called for stricter management of water, electricity, gas and gasoline consumption, saying economic problems, unemployment and inflation would deepen without conservation measures.

iranintl.com
u/maineveteran — 3 months ago
▲ 31 r/NewIran

"The argument that Iran can offset a Hormuz blockade through overland routes and Caspian Sea ports runs into a fundamental limitation of scale..."

"No volume of railway freight or trucking can substitute for the economic power of deep-water ports."

u/maineveteran — 4 months ago
▲ 117 r/NewIran

Hard for the regime to explain when it claims it's handily winning the war.

u/maineveteran — 4 months ago
▲ 79 r/NewIran

Every day that the oil price remains high actually redounds to the ultimate benefit of the American economy.

Every day that the Strait remains impeded, forces the world to buy more oil from America instead of the Persian Gulf.

This is not even including the seized Iranian oil tankers being diverted to the US - over $300M dollars worth of assets confiscated according to one report.

Wondering why Trump seems to be unhurried in opening the Strait? This is why.

u/maineveteran — 4 months ago