Why has Iran’s economy not collapsed under US war pressure?
Summary
Iran’s economy has not collapsed despite harsh U.S. sanctions and recent wars. The country has a diverse economy beyond oil and uses ways like informal trade and subsidies to keep things running, but many people face heavy economic hardship.Key Facts
- Iran’s population is over 92 million people.
- The economy is diversified with agriculture, manufacturing, and services, reducing reliance on oil.
- International sanctions and wars with the U.S. have caused inflation to rise about 90%.
- Prices for food and essentials have more than tripled recently.
- The government uses cash subsidies and coupons to help people afford basic needs.
- Cyberattacks on banks have delayed payments to stores for coupon programs.
- Damage to infrastructure like bridges, tunnels, and energy facilities has occurred due to U.S. bombings.
- Poverty is rising, with about 45% of Iranians projected to live below the poverty line in 2024.
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