Tensions in Iran remain high. Since protests began in December 2025, various reports indicate that several hundred people have been killed, while the number of detained demonstrators likely exceeds 10,000. Analysts note that the ongoing unrest could have the greatest impact on the global oil market, especially if the Iranian government moves to close the Strait of Hormuz, through which up to 20% of the world’s oil supply is transported.
Questions have also emerged regarding the potential impact of Iran’s situation on Georgia’s economy. While a global rise in oil prices would naturally affect Georgia, there are also sectors where the country receives direct income from Iran, one of them being tourism. Data from the first three quarters of 2025 shows that although Iran ranks among Georgia’s Top 15 source countries for visitors, its share of total tourism revenue remains below 3%.
In the first nine months of 2025, visits from Iran decreased. Between January and September, Georgia recorded 96,305 visits from Iranian travelers, reflecting a 20% year-over-year decline. During this period, Iranian visitors spent nearly $100 million, accounting for roughly 2.7% of Georgia’s total tourism revenues.
For comparison, Iranian visitor spending exceeded $151 million in 2024.
