International Bodies Warn of Conflict's Economic Impact

UN warns 8 million in Asia-Pacific risk poverty if Iran war drags on

The United Nations has issued a grim warning about the costs of prolonged conflict in Iran for the Asia-Pacific region, forecasting job losses, crippling inflation and food insecurity, with the poorest nations brutally exposed to the oil shock and millions of informal workers facing the body blow of rising transport costs. More than 8 million people in the Asia-Pacific could be plunged into poverty if a crisis that has closed the Strait of Hormuz continues to drag on, according to a study...

By Aidan Jones