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Prices surge, jobs disappear as war strains Iran’s economy

Al Jazeera·Maziar Motamedi·6 months ago
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New Supreme Leader Mojtaba Khamenei says the country must defeat its enemies in an economic and cultural struggle, as well as militarily.

Tehran, Iran – Prices are surging in Iran, and millions of jobs have been lost or are on pause as the war with the US and Israel causes escalating economic damage.

Food and medicine, cars, electrical devices and petrochemical products are among many items for which Iranians needed to pay much more this Saturday, the first day of the working week, than the previous week.

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A toxic mix of local mismanagement, the bombardment of Iran’s infrastructure, US sanctions and a naval blockade, as well as a near-total internet shutdown imposed by the authorities in Tehran – now in its 64th day – is pummelling the economy in the…

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