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  • 2 days ago
Iran feels economic strain as Strait of Hormuz tensions deepen

Fallout from the strikes – alongside a monthslong internet cut imposed by the government – is spurring mass job losses and business closures.

READ MORE : http://www.africanews.com/2026/05/13/iran-feels-economic-strain-as-strait-of-hormuz-tensions-deepen

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00:01Iran's grip on the Strait of Amoz is throttling the world's energy supplies and inflicting global economic pain.
00:08But a U.S. naval blockade and deepening pressure on its own economy are also testing its ability to withstand
00:14the war and defy Washington's demand.
00:17Meanwhile, in Iran, the economy is also faltering.
00:21Alongside the price of items like a litre of milk, a pound of tea has risen over 50 percent since
00:27the war began.
00:29Look, a lot of the things we need for the house, we've basically crossed them off the list completely.
00:35We don't even go after them anymore.
00:38We only buy what's absolutely necessary, things like bread and potatoes.
00:42Even eggs have become too expensive for us to buy.
00:46We can still manage to get some of the chicken and things like that.
00:50As for items that are a bit more luxurious and more expensive, we simply can't afford them at all.
00:56Honestly, many people are in the same situation.
01:05Iranian authorities have also announced measures to help Iranians bear crippling prices.
01:10But many of these policies, including a 60 percent hike in the minimum wage and the corporate programs for buying
01:16essential goods,
01:17are stocking inflation.
01:20If I manage to work really hard, I might be able to make just $457.
01:25But that's only promises so far.
01:27I still haven't received any payment and we're just working to see what happens.
01:32About $152 goes for rent and nearly $152 also goes for food and basic living costs.
01:38In reality, there's no saving at all, no real future plans either.
01:41We're just living day by day, trying to get through this situation, waiting for the war conditions to be over.
01:48In recent days, Iran and the U.S. have exchanged fire in the Persian Gulf.
01:52The ceasefire between the two sides grows increasingly strained and talks appear to be at an impasse.
01:57The ceasefire
01:59The ceasefire
02:00The ceasefire
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