On the 21st day of the ongoing war, Iran is facing a major economic setback as its oil production has dropped by nearly 70%. Output has fallen from 3.3 million barrels per day to around 900,000 barrels, according to statements from Iranian Ministry of Petroleum. Officials have admitted that there is not enough oil available to supply the market, raising concerns about a wider global energy crisis. So far, the conflict between Iran, United States, and Israel has largely been fought through airstrikes, missile barrages, and naval operations. However, speculation is growing about a possible ground invasion. Donald Trump has denied plans to deploy US troops, but gave ambiguous remarks suggesting he would not reveal such moves in advance. Meanwhile, Benjamin Netanyahu signal a potential ground offensive, stating that while Iran’s nuclear and missile capabilities have been weakened, regime change remains incomplete. In response, Iran has issued strong warnings. Foreign Minister Abbas Araghchi and the Islamic Revolutionary Guard Corps warned that any US ground invasion would turn into “another Vietnam,” promising heavy losses for invading forces.
