Iran War: Oil Rises and Asia Shares Slide as Conflict Enters Fifth Week
26 Articles
26 Articles
Escalation in Middle East Reverses more than a Year of Economic Growth in the Region
Credit: UN Photo/Pasqual GorriBy UN Development ProgrammeAMMAN / NEW YORK , Apr 1 2026 (IPS) New estimates by the United Nations Development Programme (UNDP) suggest the military escalation in the Middle East, now into its fifth week, may cost economies in the region from 3.7 to 6.0 percent of their collective Gross Domestic Product (GDP). This represents a staggering loss of US$120-194 billion and exceeds the cumulative regional GDP growth achi…
What the price of gas was a year ago across the tri-state, versus today
Gas prices topping $4 a gallon hadn’t happened since 2022, but according to AAA, the national average eclipsed that threshold Tuesday amid the ongoing conflict in Iran and the Middle East. The increase in cost to fill up the tank has been taking its toll on tri-state drivers. “It keeps getting worse and worse. It’s crazy,” said Marlon Paz of...
Trump Voices Frustration With Allies as Iran War and Strait Closure Push Fuel Prices Higher
President Donald Trump has expressed frustration with allies who have been unwilling to help the U.S. war effort, telling them to “go get your own oil” as the conflict with Iran and its closure of the Strait of Hormuz sent average U.S. gas prices past $4 a gallon.
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