Freelancers and small business owners say their incomes have collapsed and daily operations have halted during Iran’s prolonged internet shutdown, which NetBlocks said has caused $1.8 billion in losses over 48 days.
Iran has halted exports of all petrochemical products until further notice to prevent shortages of raw materials and stabilize the domestic market, state-linked media reported.
The US Treasury has warned banks in the Middle East and East Asia to halt Iran-linked transactions or face potential sanctions, signaling a stepped-up enforcement push targeting the financial networks that move Tehran’s oil revenues.
War damage to Iran’s economy has reached $270 billion in 40 days, equivalent to roughly $3,000 per person, according to official figures, with losses expected to grow as trade disruptions deepen under a US blockade of Iranian ports.
The idea that Iran could generate tens of billions of dollars annually by charging ships to pass through the Strait of Hormuz has gained traction in media commentary, but the claim does not withstand scrutiny.
The United States moved to impose a naval blockade on Iran just as the country’s oil exports were surging to their highest levels in years, underscoring Washington’s effort to halt a wartime boom in Tehran’s energy revenues.
Iran faces a wave of layoffs in its petrochemical sector and widespread factory closures as a deepening economic crisis and internet shutdowns paralyze businesses, according to reports sent by residents to Iran International.
Iranians face a severe shortage of essential medicines and a spike in prices, according to reports sent by citizens to Iran International, as the country struggles with a deepening healthcare crisis.
More than 1,000 hours of internet shutdown in Iran is crippling small businesses and startups, with officials estimating losses of at least $35 million per day.
Iran’s central bank has warned President Masoud Pezeshkian that rebuilding the country’s war-damaged economy could take more than a decade, sources familiar with internal deliberations told Iran International.
The US naval blockade of Iran, which started on Monday, could rapidly cripple the country’s economy, cutting off most of its trade, halting oil exports and triggering inflation and currency pressure within days.
The ceasefire in the US-Israeli war on Iran eased global oil markets and may finally reopen the Strait of Hormuz. But for Iran, the truce exposes an economic crisis the war had temporarily masked, with weaker fundamentals and fewer tools to respond.
Much of the global conversation about Iran revolves around security, conflict, and nuclear risk. What is less discussed is an environmental collapse already unfolding, with consequences that extend well beyond its borders.
Iran’s petrochemical sector is now openly under threat, marking a significant escalation in the conflict and raising the prospect of far-reaching economic consequences for the country and potentially the wider region.
President Donald Trump’s threat to strike Iran’s power plants, if carried out, could trigger widespread economic disruption inside Iran while sending shockwaves through global energy markets.
The UAE’s recent arrest of IRGC-linked money changers could expand into a broader crackdown on Iran’s shadow financial network, experts said on this week's episode of Eye for Iran podcast.
The war pitting the United States and Israel against Iran is being fought across airspace and shipping lanes, but one of its most consequential economic effects may be unfolding elsewhere: the fragile commercial relationship between Tehran and the United Arab Emirates.
Iran’s economy is entering the new fiscal year under the weight of a profound wartime shock, with inflation reaching levels not seen in decades and essential goods becoming increasingly unaffordable for much of the population.
The arrest of dozens of IRGC-linked money changers in the United Arab Emirates is one of the most serious blows yet to Tehran’s sanctions-evasion network, laying bare how heavily the Islamic Republic has depended on Dubai as an economic lifeline.
Iran’s official data show inflation accelerating again amid a war with the United States and Israel, with prices more than fivefold higher than in 2021 and food costs rising even faster, hitting poorer and rural households hardest despite signs of monthly easing.
Jihad Nasr spent decades at the center of Islamic Republic projects spanning water, housing and energy, as well as nuclear-linked construction and overseas ventures, as a state-backed network built under reformist-era politics dug deep into Iran’s infrastructure economy.
US President Donald Trump offered an upbeat but confusing picture of his approach to Iran on Sunday, saying a deal could come soon even as he floated the possibility of seizing Iranian oil and hinted at military options that could deepen the conflict.