Iran’s oil exports have effectively ceased since early August due to a U.S. naval blockade of Kharg Island, the nation’s main oil export terminal. Economist Djamshid Assadi, a professor at Burgundy School of Business, warns this situation poses a significant threat to Iran's already struggling economy. The country is currently grappling with rapidly increasing inflation, and a further decrease in oil revenue risks exacerbating this economic hardship. Assadi suggests a correlation between the regime’s economic difficulties and increased repression. The blockage intensifies existing sanctions already impacting Iran’s financial stability. This renewed pressure could lead to further economic instability within the country. The expert forecasts a potentially devastating outcome without a resolution to the export crisis.

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