Iran’s security chief Ali Larijani, who was also an adviser to the country’s former Supreme Leader, said in a post on X on Monday that Tehran will not negotiate with the US, in response to a report that Iran is trying to revive negotiations with Washington.
The government no longer has the budgetary space to continue carrying hundreds of billions of rupees in untargeted subsidies while the power sector itself remains trapped in circular debt, inefficiencies, theft and under-recovery.