December 06, 2019

Could Iran’s Revolution Unravel Over a Four-Cent Price Hike?

Featuring Elizabeth Rosenberg

Source: The New Yorker

Journalist Robin Wright

In mid-November, in a surprise overnight announcement, the revolutionary regime in Iran hiked the price of gasoline. By standards anywhere else in the world, it is still pitifully cheap. A litre of gas increased from eight cents to twelve cents—or to fifty cents per gallon—for the first fifteen gallons each month. That’s about a tankful for a large car. After that, gas went up to ninety cents per gallon. (The U.S. average is around two dollars and sixty cents per gallon.) The price hike nevertheless triggered instant outrage. During the next four days, protests erupted in a hundred cities across the country. The theocracy responded with ruthless brutality. Hundreds, at least, were killed.

Read the full story and more in The New Yorker.

Authors

  • Elizabeth Rosenberg

    Senior Fellow and Director, Energy, Economics and Security Program

    Elizabeth Rosenberg is a Senior Fellow and Director of the Energy, Economics, and Security Program at the Center for a New American Security. In this capacity, she publishes a...