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Iran·Middle East·Armed Conflicts·Trade & Economy

Iran sees two million job losses as war with US and Israel devastates economy

Tuesday, 21 April 2026, 18:07 · 1 min read

Iran's Deputy Minister of Work and Social Security, Gholamhossein Mohammadi, has confirmed that two million Iranians have lost their jobs as a direct or indirect result of the ongoing conflict with the United States and Israel. The wave of redundancies spans manufacturing, retail, import-export businesses, and the digital sector, compounded by an internet blackout that authorities imposed for security reasons but which has cost the economy an estimated $1.8 billion over 52 days. The crisis is unfolding against a backdrop of inflation exceeding 50%, disruption to shipping through the Strait of Hormuz, and the destruction of major industrial facilities — including two of Iran's largest petrochemical plants and its biggest steel manufacturers — leaving economists warning that conditions could deteriorate sharply if the conflict resumes or sanctions remain in place.

Sources
BBC WorldIran sees mass redundancies from war with US and Israel ↗︎
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