Economic losses from the recent conflict in Iran have climbed to an estimated $270 billion in just 40 days, with the toll expected to rise further amid trade disruptions and a reported US blockade of key ports, according to figures cited by Iran International.
Government spokesperson Fatemeh Mohajerani said the damage from the US-Israeli military campaign stands at around $270 billion. Broader estimates from economists and think tanks place the losses between $150 billion and $300 billion — equivalent to roughly $1,600 to over $3,000 per person.
Long Road to Recovery
Central Bank of Iran has warned that rebuilding the economy could take more than a decade, with internal projections pointing to a recovery timeline of up to 12 years.
Officials say the latest losses have deepened pressure on an already fragile economy, with damage spanning infrastructure, production, and trade.
Core Industries Hit
The petrochemical sector has taken one of the biggest hits, with nearly 85% of export capacity disrupted after strikes on major hubs. Losses here are estimated between $30 billion and $50 billion.
Energy infrastructure — including refineries and gas facilities — has also been badly affected, with damage pegged at $15 billion to $25 billion. Steel production has not been spared either, with about 70% of capacity impacted, leading to losses of up to $10 billion.
Growth Takes a Hit
Beyond physical destruction, the conflict has triggered a sharp economic contraction. Experts estimate GDP could shrink by over 10%, translating into losses of $34 billion to $44 billion.
Internet Blackout Worsens Impact
A nationwide internet shutdown has further amplified the crisis. Direct losses are estimated at $37 million to $42 million per day, rising to as much as $70 million to $80 million when indirect effects are factored in. “The Iranian economy is damaged at three levels by internet disruption — from the digital core to platforms and then the broader economy,” said analyst Masoumeh Taherkhani.
She warned the cascading impact could lead to widespread job losses and prolong the recovery.
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