The ongoing conflict involving the US and Israel has significantly impacted Iran’s economy, leading to widespread job losses. Citizens have reported observable changes in everyday life, citing fewer commuters on the metro and more parking spaces. Many have noted a drastic decline in consumer spending, particularly in non-essential sectors like tourism and dining.
Impact of Internet Blackouts on Employment
Since the outbreak of the war, Iranian authorities imposed internet blackouts, disrupting the technology and digital industries. Officials assert that these measures are necessary for security, helping prevent surveillance and cyber threats. However, this has severely affected female workers, as only one in nine working-age women were employed prior to the conflict.
- Each day of internet blackout costs the economy around 50 trillion rials ($35 million).
- A total of 52 days of internet shutdown has resulted in over $1.8 billion in losses.
The Strain on Female Earners
Many women relied on social media platforms like Instagram to engage customers and sell products. The current internet restrictions hinder their ability to operate, directly impacting their livelihoods.
Job Losses in Key Industries
In late March and early April, US and Israeli attacks targeted two major petrochemical facilities and significant steel manufacturers in Iran. These strikes have led to tens of thousands of immediate job losses, with many more affected in related industries.
- Major petrochemical plants hit: Asaluyeh and Mahshahr
- Steel manufacturers affected: Mobarakeh Steel and Khuzestan Steel
The repercussions extend to various sectors, including Iran’s extensive car manufacturing industry, which employs approximately one million people. Reports indicate multiple layoffs throughout its supply chain due to disruptions.
Broader Economic Consequences
Additionally, the ongoing conflict has created vulnerabilities in the Strait of Hormuz, leading to factory closures and further job dismissals. As companies face challenges from both supply shortages and reduced consumer demand, the situation remains tense for many workers.
