Source: Fortune.com
Summary
The U.S. and Israel’s recent airstrikes on Iran have had a devastating impact on the country’s economy, with over 125,000 residential and civilian buildings damaged and more than 20,000 industrial units destroyed. The strikes have targeted key sectors such as steel, construction, petrochemicals, and retail, putting 10-12 million jobs at risk, roughly 50% of Iran’s workforce. The war has also led to 72% inflation, weak demand, low liquidity, and deep uncertainty, with the potential to trigger a currency devaluation spiral and hyperinflation.
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The numbers tell one story.
The U.S. and Israel’s airstrikes have hit Iran’s core pillars, including steel, which is critical for manufacturing, transportation, and construction. The strikes have also disrupted supply chains, transport networks, and commercial services, forcing many firms to suspend operations. The war’s impact on various sectors has led to a stark reality: 10-12 million jobs are at risk, with the potential for a 15% labor market contraction, the largest decline in Iran’s modern history.
The bitter irony of this war is that the very population President Trump claimed to support is now bearing the brunt of the damage.
Author: Evan Null
