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Economic fallout hits both Iran and Israel as fighting continues

The people of both Iran and Israel are witnessing worsening economic conditions as the tit-for-tit missile strikes continue for a second week. “The situation in Iran was bad and now it’s getting worse,” Nader Habibi, a professor of Middle East politics at Brandeis University in Boston, told Al Jazeera.

“Those who could afford to have left Tehran, which means there is population pressure on neighbouring provinces. Low-income people who could not afford to leave are still there under economic pressure.”

Israel’s economy is similarly under stress because of the escalating fighting, Habibi added. “Economic activity has been interrupted in an unprecedented way because the conflict is very different from previous ones that Israel has experienced,” he said.

American tax payers are 'glad' to fund Israel... Actually nothing about an emergency bill for Israel like Biden did multiple times to support genocide

https://www.timesofisrael.com/biden-signs-95-billion-war-aid-measure-with-relief-for-ukraine-israel-and-taiwan/ $17 Billion war time assistance
https://www.commondreams.org/news/biden-weapons-to-israel  $8 Billion more in Arms

Silver lining of Trump is that he's not funding Israel 'extra' (regular $3.8 billion military assistance still ongoing). Not monetarily at least, diplomatic support is actually worse, green lighting a holodomor and regional war. Plus moving more US war time assets into the region and actively helping defend Israel from counter attacks.

But so far Israel has to figure out it's own extra expenditures. I wonder how long before Israel comes asking for another handout.

Of course it's only been 10 days since Israel attacked Iran.

US joining aggression would be very dangerous for everybody: Araghchi

We have some comments made by Abbas Araghchi on the sidelines of the Organisation of Islamic Cooperation gathering in Istanbul.

Here’s what the Iranian foreign minister told reporters:

  • In order for us to come back to diplomacy, the aggression should be stopped.
  • It is obvious, I cannot go to negotiations with the United States when our people are under bombardment, under the support of the United States.
  • We have come, unfortunately, to the conclusion that the United States has been in this aggression from the beginning.
  • They deny, they keep saying they are not involved, but we have many indications they have been involved from day one. And now the interviews by the US president is quite clear, that he’s talking about a US leadership on this question.
  • Unfortunately, we have heard that the US may join this aggression; that would be very unfortunate, and I think that would be very dangerous for everybody.


Anger rises among Iranians as Israel attacks residential areas

Last night we heard loud explosions related to interceptions by air defence systems here in the capital. We’ve got reports of Israeli attacks on Isfahan, with facilities being targeted in Qom.

Iran is trying to keep the doors of diplomacy open, but the Iranian side is saying it’s going to continue to strike as long as Israel continues to do so.

We have very different sentiments among the Iranian public, specifically Tehran residents whom we’ve talked to over the past few days. There’s anxiety as the Israeli threats over recent months have now translated into daily strikes.

Many in the Iranian capital have chosen to leave, but we have to keep in mind we’re talking about 10 million people living in Tehran city and 14 million in Tehran province. It’s putting pressure on surrounding areas.

There’s also increasing anger. People are saying Israel is not just targeting nuclear facilities and military complexes and they’ve got nothing to do with military issues. The reality on the ground is ordinary people are being attacked on a daily basis.

This has created a strong sense of solidarity with large demonstrations against the repeated strikes.