Lebanon’s economy minister on the ‘existential nature’ of the Iran War shock: companies closing, people losing jobs, no tourism

Lebanon's economy is facing severe challenges due to ongoing conflicts, particularly the U.S.-Israeli war with Iran, which has led to widespread destruction and economic instability. Business owners like Ayman al-Zain are grappling with the aftermath of airstrikes that have decimated their livelihoods, and the high costs of rebuilding are further complicating recovery efforts. The situation has resulted in job losses and a significant decline in tourism, highlighting the existential threat posed by the ongoing violence.