Iran economy crisis risks regime stability

The economic pressure and sanctions imposed on Iran have succeeded in draining its economy, with direct and indirect losses amounting to approximately $270 billion according to the Iranian government, while international institutions estimate the total between $50 billion and $300 billion. These sanctions and conflicts have caused the value of the rial to plummet to record lows, inflation to exceed 88%, and millions of jobs to be affected—more than one million jobs lost outright and another 10 to 12 million jobs threatened. Additionally, attacks have targeted key oil facilities, weakening the industrial sector, and leading to a decline in oil exports and foreign currency reserves, despite Iran's continued stance on its nuclear program and ongoing support for regional movements and allied parties. Despite these significant economic damages, the sanctions have not resulted in a fundamental political change. Iran has been able to resist the pressures through smuggling and oil transfer networks, and it remains prepared to target global shipping routes and strike its opponents to increase the costs of the economic war, while the goals of the United States and Israel remain only partially achieved.

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