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Iran conflict
Iran says war has cost two million jobs as Hormuz disruption bites
A weakly captured live-update summary points to a continuing U.S.-Iran standoff in the Strait of Hormuz, while BBC reporting details widening layoffs across Iran’s economy
IMF sees deep contraction as blockade bites
IMF projects Iran’s economy will shrink 6.1% in 2026 as inflation soars and rial slides
War damage, a near-shutdown of the Strait of Hormuz and tightening sanctions have cut Iran off from trade, pushing prices higher and the currency to about 1.32 million rials per U.S. dollar, according to IMF and analyst estimates