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Significance
The blackouts were the longest and most systematic since the end of the Iran-Iraq war in 1988 and the immediate period of post-war reconstruction. The government has chosen, unusually, to prioritise industrial users and exports of gas over the power sector in an effort to offset the impact on the already weak economy.
Impacts
Persistent power cuts will further worsen the impact of sanctions on the economy.
The incoming Trump administration in the United States will likely reintroduce its previous policy of ‘maximum pressure’.
Tehran will look, with only limited success, to the Global South for investment and technical skills to boost its electricity production.
Keywords:
Iran,
ME/NAF,
Iraq,
Turkey,
United States,
economy,
industry,
electricity,
gas,
investment,
oil,
renewable energy,
sanctions,
Fossil fuels,
Renewable energy,
Electric,
Gas
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2024
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