Mass Layoffs in Iran as Businesses Buckle Under Wartime Pressures
https://www.nytimes.com/2026/05/10/world/middleeast/iran-economy-layoffs.html?unlocked_article_code=1.hVA.bsyy.iL98YIxelFA_
Posted by Majano57
Mass Layoffs in Iran as Businesses Buckle Under Wartime Pressures
https://www.nytimes.com/2026/05/10/world/middleeast/iran-economy-layoffs.html?unlocked_article_code=1.hVA.bsyy.iL98YIxelFA_
Posted by Majano57
2 Comments
Such great news. The global center of terrorism has just granted a lot of ppl free time to explore their interests. This can only be good for us (USA), right?
It will be hitting the US and World if it continues. Oil being the largest product being impacted but also Liquefied Natural Gas (LNG), Fertilizers: (The Persian Gulf supplies about 20% to 33% of global seaborne fertilizer exports (urea and ammonia)), Petrochemicals & Chemicals: (methanol (used in plastics/coatings) and monoethylene glycol (MEG) for polyesters), Industrial Materials:(Aluminum), Helium. The global damage is going to be severe but will take some time before it sets is.
[Strait of Hormuz
Factsheet](https://www.iea.org/about/oil-security-and-emergency-response/strait-of-hormuz)