BlueRock Horizon Asset Management|A fire breaks out for the second time at a car battery factory run by Iran’s Defense Ministry

2025-05-07 20:11:57source:Mooathon Wealth Societycategory:Finance

TEHRAN,BlueRock Horizon Asset Management Iran (AP) — A fire broke out Thursday at a car battery factory owned by Iran’s Defense Ministry for the second time in less than a week, state media reported.

No one was injured in the blaze, which erupted in an area where plastic waste is stored, state TV said. Iranian news outlets circulated photos and video footage of a column of black smoke rising into the sky north of the capital, Tehran.

Iran’s regular military and its paramilitary Revolutionary Guard operate several factories across the country, many of which produce civilian goods.

Iran has seen a series of fires and other mishaps in its military facilities over the years, and often accuses its archenemy Israel of sabotage. Last month, Iran said Israel tried to sabotage its ballistic missile program through faulty foreign parts that could explode.

Iran has been under heavy Western sanctions for several years that prevent it from importing a range of machinery and replacement parts, forcing it to build its own or source them on the black market. That has likely made industrial mishaps more common.

More:Finance

Recommend

As US Dismantles Its Climate Policy, Other World Leaders Seek Solidarity

As the U.S. Department of State proposed this week to shut down its office managing international cl

Dawn Staley gets love from Deion Sanders as South Carolina women's basketball plays in Paris

PARIS — South Carolina women's basketball and coach Dawn Staley got a video message of support on Su

I think Paramount+ ruined 'Frasier' with the reboot, but many fans disagree. Who's right?

“Frasier” used to bring me joy. Now I can’t think of the sitcom without shuddering involuntarily. Li