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Three-minute read<\/em><\/strong><\/p>\n Iran’s spiraling economic and energy crises have laid bare the fragility of the regime, with top officials admitting to deep-seated failures while attempting to deflect responsibility for the worsening situation. In an alarming interview<\/a> on state television on December 2, Masoud Pezeshkian<\/a>, the regime\u2019s president, acknowledged the severity of the crisis while indirectly blaming prior administrations for the country\u2019s economic mismanagement. Pezeshkian warned of inevitable price hikes, including for gasoline, while expressing fears of the public backlash that could follow.<\/p>\n “We are grappling with severe imbalances\u2014in gas, electricity, water, energy, and even the environment. These imbalances have reached a level that could lead to widespread crisis,” said Pezeshkian. He admitted to fuel prices that the government has no choice but to raise them. “We are importing expensive gasoline and selling it at a fraction of its cost. No expert, domestic or international, would endorse this system,” he said, adding, “Without these price adjustments, we cannot pay retirees, wheat farmers, or even government employees.”<\/p>\n Responding to a question on the potential for increased gasoline prices in 2024, Pezeshkian conceded, “Gasoline will become more expensive because the resources to subsidize imports are simply not there. We face a stark reality: either we raise prices or we fail to keep essential services running. Yet, this decision carries risks that I dread to even imagine.”<\/p>\n #Iran<\/a> News: — NCRI-FAC (@iran_policy) October 20, 2024<\/a><\/p><\/blockquote>\n\n
Economy Plunges as Rial Hits Record Low and #StockMarket<\/a> Suffers Sharp Declinehttps:\/\/t.co\/7o6WlZsO10<\/a><\/p>\n