Government offices in Iran are closed or operating at reduced hours. Schools and colleges have moved to online only. Highways and shopping malls have descended into darkness, and industrial plants have been denied power, bringing manufacturing to a near halt.
Although Iran has one of the biggest supplies of natural gas and crude oil in the world, it is in a full-blown energy crisis that can be attributed to years of sanctions, mismanagement, aging infrastructure, wasteful consumption, and targeted attacks by Israel.
"We are facing very dire imbalances in gas, electricity, energy, water, money and environment," said President Masoud Pezeshkian in a live televised address to the nation this month. "All of them are at a level that could turn into a crisis."
This story is from the December 23, 2024 edition of Business Standard.
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This story is from the December 23, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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