100 days of war in Middle East show no sign of easing as world economies take the hit, poor countries on the spin
Overall commodity prices are projected to increase 16 per cent, driven mainly by energy, fertiliser and some metals. John Roper, chief executive for the Middle East at German energy company Uniper, said the strait’s closure and damage to facilities took most of the gas supply growth between 2025 and 2026 off the market, warning that the pain from the supply shortfall could last at least until 2030.
World leaders express concerns over Middle East crisis, question Israel’s ‘pre-emptive strikes’ in Iran
Across the Middle East, governments voiced fears that the confrontation could spiral into a broader regional war. Oman, which has mediated recent US-Iran talks, expressed dismay that negotiations had been undermined and urged an immediate halt to military operations.
