From Oil to Food, the Iran War Is Squeezing the Global Economy
The effects of the war in Iran are squeezing consumers, businesses and governments around the world, raising the prices of many essential goods.
The effects of the war in Iran are squeezing consumers, businesses and governments around the world, raising the prices of many essential goods.
Fertilizer prices are climbing as a result of disruptions in the Middle East, putting global food supplies at risk.
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually ends.
The South Pars gas field, hit by airstrikes on Wednesday, is central to the energy supply of Iran, which was already suffering blackouts before the war.
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
India relies on huge quantities of cooking gas that is normally shipped from the Persian Gulf.
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
The indictment against an agent of the Shin Bet security agency added to a growing list of Israelis accused of exploiting their positions in the security forces to profit from the war in Gaza.
The indictment against an agent of the Shin Bet security agency added to a growing list of Israelis accused of exploiting their positions in the security forces to profit from the war in Gaza.
Israeli strikes on Gaza have killed about 600 people since a cease-fire began, according to health officials in the territory. Many displaced Palestinians are still living in tents. And there are some 60 million tons of war debris to be cleared.