Iran’s economy falters as internet shutdown hits people, businesses hard

Iran's economy is suffering following a widespread, state-imposed internet blackout that began on January 8, 2026, amid nationwide protests. The shutdown, impacting over 90 million people, has severely restricted access to the global internet, hindering communication and business operations. While some connectivity has been restored, heavy filtering persists, requiring costly and temporary workarounds. The Information and Communications Technology Minister estimates daily economic losses of at least $33 million, but acknowledges the true impact is likely much higher. The government attributes the decision to block internet access to the Supreme National Security Council, and while promising financial support to online businesses, many are struggling with the sudden and significant losses.