As damage from the war batters Iran’s economy, its leaders still think Trump will blink first
Iran's economy is facing severe challenges due to ongoing war-related damage and U.S. sanctions. Hundreds of thousands have lost jobs, and millions more are at risk as prices for essential goods soar. Despite these hardships, Iranian leaders remain optimistic that they can outlast U.S. pressure.
- ▪Iran has lost at least 1 million jobs directly because of the war, with 10 to 12 million more at risk.
- ▪Air strikes have damaged 20,000 factories, crippling 20 percent of the country's production units.
- ▪The cost of chicken has risen by 75 percent in the past month, while beef and lamb prices have jumped by 68 percent.
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Open this photo in gallery:People shop at the Tajrish Bazaar in Tehran on April 16. Hundreds of thousands have lost jobs and millions more are at risk, even as Iranians face skyrocketing prices.ARASH KHAMOOSHI/The New York TimesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountIn the heartland of Iran’s famed carpet-making industry, manufacturing has ground to a near halt. Dairies struggle to find packages for milk and butter. Giant steel mills that once drove Iran’s economy have gone silent. Hundreds of thousands have lost jobs and millions more are at risk.Over more than five weeks of bombardment, U.S. and Israeli strikes hit thousands of factories.
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