A US$270 billion damage and 4 million citizens plunged into poverty may have broken Iran’s economy
The bill of damages has reached an estimated US$270 billion against a gross domestic product of US$371 billion in 2025.
By that measure, economists say the destruction is almost equivalent in scale to everything Iran lost during its nearly eight-year war with Saddam Hussein’s Iraq in the 1980s – the last time the Islamic Republic posed a sustained threat to shipping through the Strait of Hormuz.
Now, with negotiators convening in Switzerland and a fragile ceasefire holding, the question is whether economic ruin can do what decades of sanctions and military pressure could not.
Source: News - South China Morning Post
