"The US-Israeli attack on Iran, and Tehran's retaliation, has rocked the global economy. Consumers are already feeling the pain of the biggest energy supply shock in history, and Iran's new supreme leader, Ayatollah Mojtaba Khamenei, vowed on Thursday that the strait of Hormuz will remain closed, according to a statement attributed to him by state media."
"In Asia, heavily reliant on the Middle East for crude oil and liquefied natural gas, Bangladesh closed all its universities and Pakistan some of its schools due to fuel shortages. While US coverage is dominated by the impact at home, others are paying a higher price. And it is the world's poorest and most vulnerable who will be worst hit."
"The war has created a new humanitarian crisis with millions displaced in Iran and Lebanon, and healthcare facilities hit as well as more than 17,000 residential buildings, according to Iran's Red Crescent. But it is also deepening existing ones, and it comes as US cuts to aid and reductions by Britain and others are already pushing millions deeper into hunger."
The US-Israeli military operations against Iran have created a major global energy shock, with oil prices surging and the Strait of Hormuz facing closure threats. The International Energy Agency's reserve releases provided only temporary relief. Asian nations heavily dependent on Middle Eastern oil and gas face severe shortages, with Bangladesh closing universities and Pakistan closing schools. The conflict has displaced millions in Iran and Lebanon while damaging healthcare facilities and residential buildings. Simultaneously, existing humanitarian crises are worsening as US aid cuts and reductions from other nations push millions into deeper hunger. Gaza faces food price surges following Israeli border closings. Critical humanitarian logistics infrastructure in Dubai has been damaged, severely hampering aid distribution across the region.
#energy-crisis #humanitarian-impact #middle-east-conflict #global-supply-disruption #poverty-and-vulnerability
Read at www.theguardian.com
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