Although Iran has one of the biggest supplies of natural gas and crude oil in the world, it finds itself in a full blown energy emergency, coming just as it also suffers major geopolitical setbacks.

Outdated and underfunded energy sector's problems further compounded by depleted gas reserves caused by attack on two major pipelines back in February

The report cited multiple reasons for the situation, among which were the sanctions imposed on the Islamic Republic and Israel's strike on Iran.