Sunday, November 17, 2019

Iran supreme leader backs petrol price rises as protests spread-Tom Pancione

Tom Pancione

Iran Supreme Leader Backs Petrol Price Rises as Protests spread

So Iran is dealing with massive protests as they spike the price of oil by 50% overnight. This despite sitting on the fourth largest oil reserves in the world. This is said to be very concerning to Iran, because the country has seen a massive economic downturn thanks to sanctions. In order to try and limit protestors, they have almost completely cutoff internet access in the region. Saying that they are only at 7% of the internet connectivity compared to normal levels. That is drastic, and in my mind shows how scared they are. If only 7% of normal internet users in the US could connect to internet, I think people would freak out, and wonder what is happening. As we have talked about in Petrol-politics, when the price of oil is low petrol states generally have a heard time keeping the level of oppression on their people. I think that is what we could be seeing that Iran can't sustain itself. It probably won't gas prices doesn't rise dramatically or sanctions are lifted. After that happens god only knows what happens next.

https://www.theguardian.com/world/2019/nov/16/protests-erupt-in-iran-after-government-raises-price-of-gas-by-50


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