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Iran braces for Trump takeover with economy buckling from sanctions

Business Standard LogoBusiness Standard5h ago

Iran braces for Trump takeover with economy buckling from sanctions - Business Standard

Quick Summary:

The lack of critical investment needed for Iranian infrastructure has forced Tehran to increase imports of high-quality gasoline as its own refineries struggle to keep up, while introducing rolling electricity blackouts as power stations struggle to supply homes and industry.

Iran’s challenge is that it “needs a direct channel to Trump to overcome the resistance of the anti-Iranian regime ecosystem that Trump is wrapped into,” said Ali Vaez, director of the Iran Project at the Washington-based International Crisis Group.

As Trump prepares for a second term as US president, all eyes are on whether he will revive his so-called maximum pressure policy against Iran that came to mark his first spell.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 14:49:26 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1069 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23790461

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 104 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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