UNDP Warns Iran War Could Cost Arab Region $194 Billion and Push 4 Million Into Poverty

A joint UN-Israeli-US war on Iran could cost Arab economies between 3.7 and 6 percent of GDP.

“The US-Israel war on Iran and its ripple effect throughout the Middle East have had a devastating impact on Arab countries, with millions expected to slide into poverty, according to the United Nations”

Al Jazeera

The UN said nearly four million people could be pushed into poverty.

Al Jazeera

The Gulf Cooperation Council countries and the Levant are each projected to lose more than 5.2 percent of GDP.

The conflict could push unemployment rates up by around four percentage points.

Approximately 3.6 million jobs could be lost.

Asharq Al-Awsat English

Brent crude futures reached $118 per barrel.

Impacts vary across subregions.

“The US and Israeli war against Iran could wipe out nearly $200 billion worth of economic growth across the Middle East, a new United Nations study found”

Financial Post

Gulf Cooperation Council countries face losses between 5.2 and 8.5 percent of GDP.

The Levant is expected to experience the most severe humanitarian consequences.

Even a short military escalation can trigger long-term socio-economic impacts.

Declining government revenues could further limit response capacity.

The Arab Weekly

The UN called for coordinated policy responses.