A billboard depicting Iranian ballistic missiles in Tehran.AFP/Getty ImagesIran's economy is in bad shape.Decades of sanctions have driven up inflation, government debt, and poverty rates.Iran's struggles could be a warning for Russia as the war in Ukraine drags on.Escalating tensions between Iran and Israel have driven up commodity costs, reignited worries about a flare-up in inflation, and sparked renewed fears of wider conflict in the Middle East.One factor that might avert a regional war is the dismal state of Iran's economy.The country has borne the brunt of Western sanctions for decades, making it tough for Tehran to finance any war effort — and that could be a warning sign for Vladimir Putin as the war in Ukraine drags on.Sanctions packagesThe US first imposed sanctions on Iran after students seized the American embassy in Tehran in 1979, and has stepped up its efforts considerably more recently.In 2018, Donald Trump decided to pull out of a nuclear agreement between the US and Iran.
Similar Stories to Iran's Economy Is A Total Mess After Decades Of Sanctions — And Offers A Warning To Putin's Russia on Bing News
gglover@insider.com (George Glover), Business Insider
Wed, 05/01/2024 - 1:47am
Topics: afp/getty imagesiran east western donald trump energy information administration russiairan ukraine february 2022.russia kremlin china north korea business insider iran tehran west in vladimir putin world bank mess decades of sanctions year drags oil driven poverty years gdp times debt israel a.data["datawrapper-height"])for(var government e=document.queryselectorall("iframe");for(var tensions struggles sign fell var if(void tougher wider higher day data economic
BING NEWS:
- US announces 300 new sanctions targeting Russia’s ‘war economy’
The Biden administration announced hundreds of new measures Wednesday aimed at choking off Russia’s ability to fund its war against Ukraine, more than two years since it launched a full-scale ...
06/12/2024 - 4:55 am | View Link - Iran's economy is a total mess after decades of sanctions — and offers a warning to Putin's Russia
One factor that might avert a regional war is the dismal state of Iran's economy ... sanctions for decades, making it tough for Tehran to finance any war effort — and that could be a warning ...
04/30/2024 - 10:26 pm | View Link - More
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