Global Costs of the Iran War: Uncertainty, Prices and Economic Strain

The US-Israel war on Iran is driving a global economic and humanitarian toll: thousands killed, millions facing higher prices, and rising uncertainty that downgrades growth forecasts. Geopolitical-risk indices flag instability comparable to major past shocks; energy disruptions from Hormuz and jet-fuel spikes push inflation and profits for oil/arms firms, with the IMF/World Bank lowering outlooks and US growth shaved by about 0.5 percentage points. The conflict has displaced hundreds of thousands, harmed health and infrastructure in Iran and Lebanon, and threatens poverty for tens of millions, all while regime change and nuclear ambitions remain unresolved.