Iran’s small businesses collapse under war, inflation and internet blackout
Summary
Iran’s economy is in severe trouble because of war, high prices, and an internet shutdown. Small businesses have lost customers and jobs, and many people cannot afford basic needs. The situation has worsened since the US and Israel attacked Iran in April 2026.Key Facts
- Prices of some goods in Iran have tripled or quadrupled in a few months.
- Over 2 million people have lost their jobs or income recently.
- Iran’s currency lost 60% of its value amid the crisis.
- The Iranian government shut down the international internet for more than 75 days.
- The US and Israel began attacks on Iran on February 28, 2026, leading to war and a blockade.
- Small businesses relying on online sales have seen their income drop to nearly zero.
- Many factories and producers are closing because there are no orders.
- Iranians say they are struggling to buy food and basic needs as economic conditions worsen.
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