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'Troubled' Iran can attack Saudi Arabia

Friday - November 29, 2019 11:07 am , Category : WTN SPECIAL
People's rebellion in Iran upset by inflation and rationing of oil
People's rebellion in Iran upset by inflation and rationing of oil

Iran's economy on the verge of ruin due to the US economic sanctions

NOV 29 (WTN) - Gulf country Iran is turbulent, and Iran's public is angry. In Iran, from towns to cities, people have taken to the streets and protests against the government continue vigorously. The people of Iran are angry, and the anger of the people is not limited only to the protests, but the angry people are arson, robbing banks and shops. In a way, the whole of Iran is at present anarchy. There are many reasons why the anger of the people in Iran has erupted. But if the protests continue in Iran, it may have led to war between Iran and the United States.

Due to the ongoing protests in many cities of Iran, security forces have had to fire, and according to the information, more than 200 youths have been killed in this firing, although Iran has denied the killing of the youth, the Amnesty International claims that the death toll in the firing of security forces maybe even higher.

For your information, let us know that there are many reasons behind the chaos that is spreading in Iran at this time, but the biggest reason is the increasing troubles of the people of Iran and the gradual dissatisfaction. As you know, the US had announced economic sanctions on Iran in 2015, alleging the nuclear program. Over time, the US has tightened economic sanctions on Iran, due to which the people of Iran are now facing trouble.

Iran's economy has gradually weakened since the US imposed economic sanctions, and is now on the verge of destruction. As part of the plan to bring the economy back on track, the price of oil in Iran has been increased drastically by 50 percent and the rationing of oil has taken place, after which there has been widespread anger across the country. Gradually, the people's protests in Iran increased so much that people turned to violence.

Inflation in Iran has been increasing day by day due to the US economic sanctions. From food items to medicines, all have become expensive, while daily consumption has become so expensive that it has become out of the reach of common people. Iran has become so weak economically due to the US sanctions that industries are closing down, causing people to lose jobs. How people were still working with the savings of money, but gradually the money of savings is also being exhausted, after which people have started protesting in the streets.

It was fine until the goods became expensive, but the huge increase in the oil prices in Iran sparked people's anger. The people of Iran, already facing inflation, are badly angry after the increase in the oil prices and the rationing of oil. Oil prices have increased in Iran, and per liter, the petrol rate is 15,000 Iranian rial. At the same time, under the rationing of oil by the government, no one in Iran can use more than 60 liters of oil for their personal vehicles.

The resentment that followed the rise in oil prices has shaken the government of Iran. The reason behind the increase in oil prices is that the government of Iran has raised the prices of oil so that funds can be made to help the poor in the country. For your information, let us tell you that the increase in oil prices in Iran by 50 percent has the approval of many big leaders and officials, including Iran's highest religious leader Ayatollah Khamenei and President Minister Hasan Ruhani. All these have refused to withdraw the price hike even after fierce public protests.

In the name of fixing Iran's economy on the verge of ruin due to the US economic sanctions, the leaders in Iran have increased the prices of oil in one decision, but the decision of the leaders is now falling on them. One, the situation is getting worse due to the increase in oil prices and then it’s rationing. In Iran, if any person gets more oil than the fixed quota, then the penalty is charged at the rate of 30,000 rials per liter. Terming this decision of the government as a dictatorship, people in Iran have parked their vehicles on the streets.

For your information, let us know that Iran is the fourth-largest producer of oil in the world, but now its oil sales in the international market have reduced considerably due to the US sanctions. Iran's currency rial has also fallen a lot compared to the US dollar for many economic reasons. Regarding Iran's economy, the International Monetary Fund says that Iran's economy is already in a state of crisis and the continuation of the US sanctions will worsen the situation.

Amidst the protests arising in the country, fears are being expressed that Iran may launch a war in the Gulf to distract the attention of the people of the country. Indeed, due to the policies of Iran, the Gulf countries are gradually becoming against it. Iran periodically threatens war with the US and Saudi Arabia. In such a situation, it is being said that the leaders of Iran, who are struggling with economic troubles can wage war with America and its allies to divert the attention of the people of their country from inflation and other issues. If this happens, then once again the economy of the whole world can get engulfed in the oil crisis.