Iran’s economy has been battered. Its leaders still think Trump will blink first
Iran's economy is severely impacted by US and Israeli strikes, with hundreds of thousands losing jobs and millions more at risk, as the cost of basic goods skyrockets. Iran's leaders believe their economy can endure the pain longer than the US under President Donald Trump.
Iran's economy has been severely damaged by US and Israeli strikes, with 20,000 factories affected, including steel mills and petrochemical complexes. The strikes have halted production, putting hundreds of thousands of jobs at risk and causing prices to soar. The cost of chicken has risen 75% in the past month, while beef and lamb have jumped 68%. Iran's leaders say they will only reopen the Strait of Hormuz if the US blockade is lifted and the war ends. Deputy Labor Minister Gholamhossein Mohammadi reported at least 1 million jobs lost directly due to the war, while economist Hadi Kahalzadeh warns 10-12 million jobs are at risk. The internet shutdown has also hurt small businesses reliant on online sales.
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