Iran enforces rolling power blackouts as fuel shortages bite

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The story "Iran enforces rolling power blackouts as fuel shortages bite" was covered 1 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 1w ago

Iran enforces rolling power blackouts as fuel shortages bite - Financial Times

Quick Summary:

In his first term, Trump withdrew the US from Iran’s 2015 nuclear deal with world powers and reinstated sanctions as part of his “maximum pressure” campaign against Tehran.

Iran is suffering from an energy supply crunch despite having the world’s third-largest oil reserves and second largest natural gas reserves.

Sanctions impede Iran from building new power plants or optimising grid operations.