"The damage to the economy from the US-Israeli attacks is nine times the value of the Iranian budget last year, raising alarms about the country's financial stability."
"The US naval blockade launched on 13 April is expected to prevent Tehran's tankers from reaching the strait of Hormuz, depriving the Iranian regime of at least $175 million a day in oil export revenue."
"Trump predicted that Iranian wells would explode due to the blockade, stating that such an explosion would irreparably damage the wells, reducing their capacity significantly."
"The US Treasury secretary compared the Iranian leadership to rats in a sewer pipe, indicating their confusion and the dire situation they face as oil facilities near capacity."
Iran's economy is struggling significantly due to a combination of war damages, inflation, currency devaluation, and reduced oil revenues. Estimates suggest that the economic damage from US-Israeli attacks could be nine times the previous year's budget. The UN Development Programme warns that 4.1 million more Iranians may fall into poverty. The US naval blockade is expected to severely limit Iran's oil exports, leading to potential long-term damage to its oil wells and further economic decline.
Read at www.theguardian.com
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