Middle East Economic News Doron Peskin, Middle East Expert MAY 8, 2025
How much damage did Iran suffer at Bandar Abbas port?
Mohammad Mohsen Sadr, Iran’s deputy minister of communications and information technology, estimated in a speech today the damage caused by the explosion at the Bandar Abbas port last Saturday. He said the damage ranged from $3 billion to $5 billion.
Opening a conference on developing the digital economy, Sadr wondered: “Why were 130,000 containers found at Shahid Rajaee port but there is no accurate information about the contents of any of them?”
He added: “Based on a rough calculation, the damage caused by the recent explosion at this port is estimated at $3 billion to $5 billion, while if we had used modern technologies and accurate data, we could have easily prevented such problems.”
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