Iran faces historic fuel shortage queues
Iran is facing a historic fuel crisis due to a significant shortage of gasoline, with the gap between demand and supply reaching approximately 120 million liters per day. Consumption is around 135 million liters, resulting in a daily deficit of 15 million liters. The crisis is attributed to the US naval blockade that began on July 14, which has reduced Tehran's ability to secure fuel, along with damaged refining capacity caused by American and Israeli strikes. This has led to long queues at fuel stations, some of which are closed due to exhausted inventories. The value of the Iranian rial has fallen to about two million rials per dollar, with an annual inflation rate approaching 90% and food prices soaring by 130%. The Iranian government has stopped fuel subsidies and canceled planned fuel price increases out of fear of popular protests, amid a worsening economic and monetary crisis.
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