The Guardian view on the true cost of the Iran war: bombs kill – but so does the economic fallout | Editorial
Summary
A conflict involving the US and Israel against Iran has killed thousands of Iranians and caused serious economic harm globally. The war’s impact includes high costs for the US, rising prices worldwide, and worsening poverty and food insecurity in poorer countries.Key Facts
- Over 3,300 Iranians, including 383 children, have died since the war began.
- President Donald Trump indicated bombing might resume despite talks of a ceasefire.
- Iran uses drones, missiles, and control of the Strait of Hormuz as key weapons.
- The International Monetary Fund warns the war could trigger a global recession.
- Military costs for the US already exceed $11.3 billion in the first six days, likely underestimated.
- Experts estimate the total US cost of the war could reach $1 trillion considering long-term expenses.
- Rising oil and food prices are hurting global economies, especially poorer nations dependent on imports.
- The World Food Programme says 45 million more people could face severe food shortages due to the conflict.
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