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Iran's economy is struggling to recover from a lethal mix of local mismanagement, corruption, sanctions, and two major wars in less than a year. The ceasefire announced overnight into Wednesday has brought some relief, with more people returning to work and shops reopening in Tehran's Grand Bazaar.However, sales remain slow compared to before the war, and merchants are facing significant challenges, including 20-30 percent price increases for products due to inflation. The near-total internet shutdown imposed since the start of the war on February 28 has caused countless income streams to be wiped out for families trying to survive.The government has promised to provide support to digital businesses, but it is unclear how they will operate while their customers remain offline. Lay-offs are widespread, with technology firms only signing contracts spanning several months, major carmakers laying off thousands of workers, and numerous journalists being let go by state-run and private sector media outlets.The situation for the embattled Iranian economy could still get worse, as the deepening impact of attacks against civilian infrastructure will likely become more apparent over the coming weeks and months. Iran's top steel factories, petrochemical manufacturers, aluminium producers, airports, and civilian aircraft have been bombed and put out of commission by the US and Israel.It would take Iran years to rebuild even if the war ended today, and that is while the country faced a huge budget crunch even before the war, and still has no prospects of lifting the harsh sanctions imposed by the US and the United Nations over its nuclear programme in order to boost foreign investments.

The Iraqi armed group Kataib Hezbollah, which is backed by Iran, has announced that it will release Shelly Kittleson, a journalist from the United States. Kittleson was abducted in the Iraqi capital of Baghdad on March 31, prompting calls for her release from press freedom groups.The group said on Tuesday that Kittleson would be freed on the condition that she leave Iraq immediately. An anonymous Iraqi official confirmed her release to The Associated Press on Tuesday afternoon.Kittleson, a 49-year-old freelance reporter, had been kept in detention in Baghdad. Her release comes at a moment of heightened tension in Iraq, where Iran-backed groups have carried out attacks on US forces amid the US-Israel war on Iran.The decision to release Kittleson was reportedly made in response to 'the national stances of the outgoing prime minister' of Iraq, Mohammed Shia al-Sudani. Abu Mujahid al-Assaf, a security official with the group, warned that the 'exceptional gesture' would not be repeated again.The Associated Press reported that Kittleson was released in exchange for several imprisoned Kataib Hezbollah members, citing anonymous members of the militia. During her detention, publications Kittleson had worked for, including Al-Monitor, praised her for her commitment to covering conflicts in the Middle East.

American journalist Shelly Kittleson, who was kidnapped from a Baghdad street corner last week, has been released, according to an Iraqi official with direct knowledge of the situation. Kittleson was freed in the afternoon, and before her release, she had been held in Baghdad.The powerful Iran-backed Iraqi militia Kataib Hezbollah said in a statement earlier in the day it had decided to free Kittleson, who was abducted on March 31. The group said its decision came “in appreciation of the patriotic stances of the outgoing prime minister”, Mohammed Shia al-Sudani, without giving more details. It added: “This initiative will not be repeated in the future.”The statement also included a condition – that Kittleson must “leave the country immediately” upon her release. Kittleson, 49, a freelance journalist, had lived abroad for years before the kidnapping, using Rome as her base for a time and building a respected journalism career across the Middle East, particularly in Iraq and Syria.Kataib Hezbollah has previously been accused of kidnapping foreigners, including Elizabeth Tsurkov, a Princeton graduate student with Israeli and Russian citizenship, who disappeared in Baghdad in 2023 and was freed in September 2025. The group never officially claimed responsibility for kidnapping her.Iran-backed militias in Iraq have also launched regular attacks on US facilities in the country since the beginning of the US-Israeli war on Iran.

CCTV footage has emerged that appears to show the moment a US journalist was kidnapped in Baghdad. The video, which has been widely reported, provides a glimpse into the circumstances surrounding the journalist's disappearance.The footage is believed to be from a security camera and shows the journalist being taken away by unidentified individuals. The incident has raised concerns about the safety of journalists in conflict zones.The US journalist's kidnapping has sparked an investigation, with authorities working to determine the circumstances surrounding the event and to ensure the journalist's safe return.