Iran's Economy Crushed by Strikes, U.S. Blockade

0:00Iran's economy is taking a brutal hit from over five weeks of U.S. and Israeli strikes that wreck thousands of factories. Production in key spots like steel mills, petrochemical plants, and carpet hubs has shut down almost completely. Officials report at least one million jobs lost already, with millions more on the line, as prices for basics like chicken, sky rocket 75. Percent in meets jump 68 percent. Strikes hammer 20 percent of the country's factories, including giants like mobile arcade steel, and major pharma makers. Petrochemical shutdowns ripple everywhere, jacking up costs for plastics, fabrics, and even milk packaging. Dairy and rug makers in places like Qashan are idled, with 80 percent of carpet operations offline, and exports tanked. Folks are feeling it, hard construction stalled, businesses laying off hundreds, and small outfits gutted without internet sales. A factory owner with over 1,000 workers says everything ties back to petrochemical and steel. Protest flared before the war over inflation,

1:03crushed brutally, and economic pain could spark more unrest. Now the U.S. blockade chokes ports, slashing oil exports worth billions, and imports Iran needs. Tehran threatens to close the straight-of-form moves, unless it lifts, betting their sanction hard and set up outlast the pressure. They've got stockpiles, steel for four months, cement for six, ready to ration. Iran's leaders push resilience talk, promising unemployment aid while eyeing sanction relief for recovery. Factory bosses say a quick war end could rebound things, but without lifting those long-term curbs, the grind just deepens. Canada news today, powered by AI bringing you what matters. I'm Corey with The Story.