Iran can't expect to threaten its neighbours and then do business with them
Not many people are comfortable discussing their personal finances with a stranger, let alone a reporter. However, many Iranians are speaking out as the struggle to make ends meet becomes intolerable. Months of war have taken their toll on a battered economy that was already weakened by decades of sanctions and mismanagement. Dwindling oil and gas revenue, widespread job losses and annual…
The economic hardship faced by the Iranian people has reached an intolerable level due to the ongoing war, weakened oil and gas revenue, widespread job losses, and annual inflation exceeding 80 percent. Nima, a 33-year-old Iranian cryptocurrency trader, expressed the country's struggles, stating that every day has become worse than the previous one.
If individuals cannot save, buy what they desire, or foresee a stable future, what purpose remains in working? The Iranian leadership's persistent confrontation, aggressive rhetoric, and revolutionary attitude have intensified the country's international isolation. Recently, the UAE, the Arab world's second-largest economy, suspended trade and financial transactions with Tehran, a direct result of Tehran's actions.
This development highlights that Iran's leaders cannot expect to threaten neighboring countries while continuing to benefit from economic relations with them. Every nation bears the responsibility to safeguard its citizens, businesses, and economy, a duty that Iran's authorities have neglected, leaving their populace impoverished and uncertain about their future.
Isolation is generally not an effective economic strategy for prosperity. By limiting opportunities and increasing costs, it makes recovery more challenging. For war-torn Iranians already grappling with inflation and declining purchasing power, the ramifications of Iran's self-imposed economic strategy are not mere theories. The UAE's decision to reassess its trade ties with Iran arrives at an ill-timed moment for Tehran, as it faces maximum US pressure and internal economic strain.
Iran's neighbors have consistently shown interest in maintaining good relations with Tehran. If its leadership demonstrates respect for the sovereignty of other states, there is potential for rebuilding economic and diplomatic ties. Ultimately, the decision on whether to prioritize the well-being of its people lies solely with the Iranian authorities.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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