Iran’s Internet Shutdown Results in $20 Million Daily Losses

Iran’s internet shutdown, initiated on January 8 due to anti-government protests, is costing the economy over $20 million daily, particularly impacting digital and IT sectors. Ali Hakim-Javadi of Iran’s Computer Engineers Organization noted that many businesses are experiencing significant declines in transactions or halting operations entirely. President Masoud Pezeshkian has urged the Supreme National Security Council to lift the restrictions, amid ongoing protests linked to economic turmoil and currency depreciation. Meanwhile, tensions with the US and Israel have escalated, with Tehran accusing Washington of inciting unrest for potential military intervention.

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