The Iranian government’s crackdown on the weekslong protest movement is taking a growing toll on the country’s sanctions-pummeled economy, hitting a broad swath of ordinary citizens, as authorities’ slowdown of the internet has choked vital payment channels for businesses.
So far, Iran’s internet restrictions have cost the IT industry and businesses around $24 billion, according to a member of the Tehran Chamber of Commerce, Farzin Fardis, cited by the reformist-affiliated news outlet Entekhab.
Mr. Fardis also said that over the past month, up to 700,000 shops selling goods through the social-media app Instagram had closed down.