Iran's Economic Woes Deepen Amid War Destruction

Iran's economic problems have worsened due to falling oil revenues and factory destruction, President Masoud Pezeshkian said. The country's president attributed rising prices to higher costs and lower state revenues resulting from a decline in oil sales.

Pezeshkian stated that the damage to industrial facilities during the war with the US and Israel has further aggravated the economic situation. He mentioned that imported goods are now entering Iran through alternative channels, driving up their final cost.

The president noted that the country's revenues have declined due to lower oil sales, making it difficult for them to collect taxes from factories. The damage to industrial facilities has also affected tax revenues, as they can no longer collect taxes and must provide funds for factory operations.