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Home / World / Iran on the Verge of Collapse Due to Severe Energy Crisis

Iran on the Verge of Collapse Due to Severe Energy Crisis

Iran on the Verge of Collapse Due to Severe Energy Crisis
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World December 22, 2024 21:40

teheran - Iran is facing a severe energy crisis as the industry comes to a standstill and the country experiences harsh winter weather.

The government offices are closed or operating at half capacity, schools and universities are conducting online classes only, highways and shopping centers are engulfed in darkness, and factories are running out of power, bringing the industry to a near standstill. The country is currently facing severe gas, electricity, energy, water, financial, and environmental imbalances, as stated by President Masoud Pezeshkian in a recent televised speech, warning that a critical point has been reached.

Last week, the country came to a near standstill to save energy, resulting in losses of billions of dollars. The president, in a humble gesture, offered his apologies to the people for the situation they are facing, acknowledging their hardships. Government officials report a shortage of 350 million cubic meters of gas per day.

Extreme measures had to be taken last week to ration gas, with the government choosing to prioritize the supply to power plants over households. As a result, 17 power plants were shut down on Friday, with the remaining operating at half capacity. The state energy company, Tavanir, warns that the crisis could last for weeks.

Iran's status as a regional power has already suffered significant damage due to the blows inflicted by Israel on Hezbollah in Lebanon and the fall of the Assad regime in Syria. The upcoming presidency of Trump is expected to further pressure the Iranian regime.

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