CNBC: Iran attacked U.S. targets this week after the killing of top Iranian general Qasem Soleimani in an American airstrike, leaving some investors questioning if the situation would lead to war.
Officials from both countries have said they’re not seeking an all-out war. Many geopolitical experts said Iran — more than the U.S. — cannot afford to get drawn into war. That’s partly due to the Islamic Republic’s weakened economy after years of punishing sanctions.
To be clear, updated data on Iran’s economy from official sources is not readily available.
Here’s a look at six charts that might shed some light on the state of the Iranian economy.
Economy in recession
International sanctions to rein in Iran’s pursuit of a nuclear program have for years crippled the country’s economy.
Iran received some sanctions relief when it agreed on a deal with six major powers in 2015 to curb its nuclear work. But President Donald Trump reinstated U.S. sanctions on Iran in 2018, which once again sent the economy into a tailspin.
Oil sector declines
Iran is estimated to have the world’s fourth-largest crude oil reserves, according to the World Bank. Much of the country’s economic growth and government revenues depend on the sale of crude oil. read more
Not no more.
You don’t understand how Iran fights wars. But you should.
https://www.breitbart.com/border/2020/01/09/exclusive-border-patrol-circulates-intel-alert-titled-suspected-suicide-bomber-en-route-to-the-u-s/
Don’t worry, as always the Rothschilds always have plenty of money to loan both sides war funds.
The United States Navy can reduce every target of strategic significance in Iran to rubble in less than a week. The impediment is not our military capabilities; they exceed every nation on Earth by at least an order of magnitude. It’s the will to use it that matters. Trump has that will. He’s the first President since Reagan who does.