Iran’s record internet blackout is taking a heavy toll on private businesses, with owners and industry officials warning that it could lead to mass layoffs and closures

Iran's recent internet blackout has severely impacted private businesses, prompting concerns from owners and industry officials about potential mass layoffs and closures. This disruption affects the economy through a decline in productivity and consumer spending, which could lead to a contraction in economic activity. The most exposed assets include local equities and small to medium-sized enterprises reliant on digital operations, as their ability to conduct business has been significantly hampered. Traders will be particularly attentive to any government response or policy measures aimed at mitigating the economic fallout from this blackout, especially as the situation evolves.

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