The dangerous chain of the trade embargo on Iran in Khakish: Some petrochemicals will soon be forced to completely stop production The flood of unemployment has alarming social consequences.
Dr. Mohammad Mehdi Bakhish, economist, in an interview with EkhztanNews:
Before the war, the country's total imports from the land borders and the Caspian Sea were at most 25 to 30 million tons per year. Meanwhile, the volume of imports and exports from the country's southern ports was around 150 to 180 million tons; This means that the total land borders together with the Caspian Sea constituted at most one sixth of the country's total imports and exports. Therefore, about 80% of imports and exports to the country were carried out through the southern borders, which unfortunately have been blocked for a long time.
Turkey and Iraq also suffer from the blockade of trade routes, but American pressure may force them to reduce cooperation with Iran. A complete closure of the borders is unlikely, but official trade will decrease and smuggling routes will be operated at a lower volume and at a higher cost.
Many factories are facing a sharp decrease in production due to a lack or high cost of raw materials and the inability to export. Petrochemical warehouses are full of unsold products and some units are working at only about 10% capacity; A situation that can lead to a complete stop.
Disruptions in the import of medicines, production inputs and basic products alongside the drop in demand exacerbate inflation and stagnation. Factories with low activity can pay salaries for a month or two at most, and then the shutdown begins; A result that increases the lack of food, diseases and pressure on treatment.
Oil exports have almost stopped and the problems of the refineries and hidden energy subsidies threaten the supply of electricity and gas to industries.
As a result of these disruptions, in the coming days the country will face very serious problems in the energy sector, including electricity and gas, and if there is no power to supply electricity and gas to factories, the production of this semi-active and lame wheel will also stop completely.
Read this conversation on Akhtaznews.