Half of Iran’s workforce faces unemployment risk as the U.S.-Israel war's 'hidden target' was the labor market, economist says

(Credit: AFP via Getty Images)

The U.S. and Iran have observed a cease-fire for nearly two weeks, but the economic toll is only starting to become clear and could have drastic consequences.

The U.S.-Israeli bombardment has damaged more than 125,000 residential and civilian buildings, while over 20,000 industrial units have been destroyed, according to Hadi Kahalzadeh, a former economist at Iran’s Social Security Organization writing for the Bourse & Bazaar Foundation.