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Iran job losses surge amid war and economic strain

Iran is facing a sharp rise in unemployment as the economic fallout from its conflict with the United States and Israel deepens. According to Gholamhossein Mohammadi, nearly two million people have lost their jobs, either directly or indirectly due to the war. The job losses extend well beyond facilities damaged by air strikes. Entire sectors—including manufacturing, retail, import-export businesses and the digital economy—are affected. Officials often describe the situation as “workforce balancing,” but for many Iranians, the impact is visible in daily life, from quieter roads to reduced activity in public transport. Consumer spending has also dropped significantly, as households cut back to essential goods. This has hit industries such as tourism, hospitality and non-essential retail, further compounding job losses. Internet blackout worsens economic strain The situation has been aggravated by prolonged internet restrictions imposed by authorities for security reasons. […]

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US-Iran ceasefire eases tensions amid talks

Tensions between the United States and Iran eased temporarily after a last-minute diplomatic move by President Donald Trump, who announced a potential breakthrough toward a peace agreement. In a message posted at 18:32 Washington time on his social media platform, Trump indicated that both countries were “very far along” in negotiations and agreed to a two-week ceasefire to allow talks to continue. The announcement came shortly before a deadline he had set for possible large-scale US strikes on Iranian energy and transport infrastructure. The ceasefire remains conditional on Iran halting hostilities and ensuring full access to the Strait of Hormuz for commercial shipping. Iranian authorities have signaled their willingness to comply, while maintaining that they retain control over the strategic waterway. This development offered Trump a way to step back from a difficult decision between military escalation and a potential […]

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Trump Says His Favourite Option In Iran War Is To Take The Country’s Oil

United States President Donald Trump has said his preferred option in the ongoing war with Iran would be for the US to take control of the country’s oil. He made the remark in a new interview with the Financial Times, offering one of his clearest signals yet about how he views Iran’s energy resources. To be honest with you, my favourite thing is to take the oil in Iran, Trump said, according to the report. He added that some people in the US questioned the idea, but dismissed them as stupid for doing so. Trump also floated the possibility of seizing Kharg Island, Iran’s main oil export hub in the Gulf. The coral island handles over 90 percent of Iran’s crude exports and is a critical node in the country’s energy infrastructure. Perhaps we take Kharg Island, perhaps we do […]

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Markets fall as US-Iran tensions escalate

Global financial markets have come under pressure as tensions between the United States and Iran intensify, with the conflict now entering its fourth week. The situation has unsettled investors and pushed energy prices higher amid fears of further escalation. In Asia, Japan’s Nikkei index dropped sharply by 3.5%, while South Korea’s Kospi plunged 6.5%, reflecting concerns over supply disruptions. European markets also declined, though more moderately, with London’s FTSE 100 falling 1.9% and major indices in Germany and France losing around 2%. At the center of the crisis is the Strait of Hormuz, a vital global shipping route through which roughly 20% of the world’s oil and liquefied natural gas typically passes. Iran has effectively restricted access to the strait following attacks by the United States and Israel in late February, raising alarm over global energy supplies. Oil prices reacted […]

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