United States and Israel conduct sustained military strikes on Iran, causing widespread economic damage

Over five weeks, U.S. and Israeli strikes have damaged thousands of Iranian factories, mills, and infrastructure, causing job losses and price inflation. Iran's leaders maintain they will close the Strait of Hormuz unless the blockade is lifted and military operations cease. The conflict is creating economic consequences that Trump administration officials did not anticipate, straining U.S. alliances and domestic political support.