Iran's Economy Faces Severe Strain Amid U.S. and Israeli Strikes, Threatening Global Energy Supply
Iran's economy is experiencing significant turmoil due to extensive damage from U.S. and Israeli airstrikes, which have targeted thousands of factories, including key steel and petrochemical facilities. The strikes have led to a substantial loss of jobs, with at least 1 million positions directly affected and up to 12 million more at risk. The economic impact is exacerbated by a U.S. blockade of Iranian ports, severely restricting imports and oil exports. Iran's leaders are leveraging their control over the Strait of Hormuz, a critical global energy passage, as a bargaining chip, demanding the lifting of the blockade and an end to hostilities. The situation has led to skyrocketing prices for essential goods, such as chicken and dairy products, and has crippled industries like carpet manufacturing and construction. 
