Iranian economic collapse may come too late for Trump
Iran's economy is suffering due to a US blockade and conflict, but it may be able to survive for now due to internal supplies and trade with neighbors. Experts anticipate a double-digit drop in Iran's GDP this year, but the country's 'resistance economy' approach may help it withstand the pressure.
Iran's economy is facing dire problems due to weeks of conflict and a US blockade that has cut off energy exports. Despite damage to infrastructure and industries, Iran has plentiful internal supplies and steady trade with neighbors. The country's leaders are using their 'resistance economy' approach to rely on internal resources and trading across land borders. Sanam Vakil, head of the Middle East programme at Chatham House, expects a double-digit drop in Iran's GDP this year. Iran has substantial gold reserves and is able to maintain imports by paying a little more. The country's energy sales and better-than-usual harvest approaching may also help reduce vulnerability to the maritime blockade.
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