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Precious Metal Investors Face Continued Turbulence

Precious Metal Investors Face Continued Turbulence

Precious metal prices experienced downward…

Iran Oil Workers Threaten To Strike If Government Doesn’t End Crackdown

Iranian oil industry contract workers have warned the government to end its crackdown on protesters or they will strike, a move that could cripple a key sector of the economy.

"We support the people's struggles against organized and everyday violence against women and against the poverty and hell that dominates the society,” the Organizing Council of Oil Contract Workers said on September 26.

Iran has been roiled by unrest that has spread to more than 80 cities and towns, including in the northwest, where 22-year-old Mahsa Amini lived before eyewitnesses and family said she was beaten -- and later died -- after being seized by the morality police in Tehran on September 13.

Labor protests in Iran also have been on the rise in recent months in response to declining living standards and state support as crippling Western sanctions wrack the economy.

The outrage over Amini's death also has reignited decades-old resentment at the treatment of women by Iran's religious leadership, including laws forcing women to wear Islamic scarves to cover their heads in public.

The Iran Human Rights Organization said on September 27 that at least 76 people have been killed in anti-government protests across Iran.

By RFE/RL

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  • Mamdouh Salameh on September 28 2022 said:
    Because of the crucial importance of the oil industry to the economy of Iran, any threat by oil workers to strike reverberates through the entire Iranian society and among members of the ruling clerics.

    Iranian oil workers have warned the government to end its crackdown on protesters or they will strike, a move that could cripple a key sector of the economy.

    The government should heed the warning to prevent further serious complications and a possible threat to the very existence of the clerical regime.

    This could be reminiscent to the oil workers’ strike on 31 October 1979 that brought Iran’s oil industry to a halt and precipitated the Islamic Revolution, that brought Ruhollah Khomeini to power and established the Islamic Republic of Iran.

    Dr Mamdouh G Salameh
    International Oil Economist
    Global Energy Expert

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