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International Business Times
International Business Times
Business
Matias Civita

War With U.S. And Israel Pushes Millions Of Iranians Toward Unemployment As Economy Tanks

The Iranian economy, already hampered by external sanctions, has buckled from the war launched by the United States and Israel.

While sanctions and inflation already battered the Iranian economy before the war with the United States and Israel, a new report has indicated that the conflict has pushed millions of Iranians closer to unemployment and poverty.

An extensive CNN report detailed layoffs and unpaid leave across refineries, textiles, trucking, aviation, and journalism. Iran's deputy work and social security minister, Gholamhossein Mohammadi, said the war has directly cost about 1 million jobs. CNN noted that Iranian publication Etemad Online estimated another 1 million people have been pushed out of work through spillover effects.

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