The Economic Costs of the Iran War, by the Numbers
Middle East and North Africa
Since the United States and Israel first attacked Iran on Feb. 28, war has exploded across the Middle East. Just 13 days in, the costs have been staggering.
The loss of human life has been significant. At least 1,444 Iranians had been killed as of March 13, according to Iran’s health ministry, including at least 168 children who were killed in a strike on an elementary school that initial reports suggest the United States carried out. Israel’s bombardment of Lebanon has killed more than 600 people and displaced over 800,000. Iran’s attacks across the region as well as its proxy Hezbollah’s assaults on Israel have killed more than 60 people and injured hundreds more. And 13 U.S. service members have died.
Since the United States and Israel first attacked Iran on Feb. 28, war has exploded across the Middle East. Just 13 days in, the costs have been staggering.
The loss of human life has been significant. At least 1,444 Iranians had been killed as of March 13, according to Iran’s health ministry, including at least 168 children who were killed in a strike on an elementary school that initial reports suggest the United States carried out. Israel’s bombardment of Lebanon has killed more than 600 people and displaced over 800,000. Iran’s attacks across the region as well as its proxy Hezbollah’s assaults on Israel have killed more than 60 people and injured hundreds more. And 13 U.S. service members have died.
But the economic costs have also been staggering. Iran has launched missiles and drones at major economic hubs such as Doha and Dubai as well as effectively shut down the Strait of Hormuz, through which 20 percent of the world’s oil normally passes.
“Far from just another war in the Persian Gulf, this is the first conflict since World War II to directly impact cities and facilities that serve as hubs in the globalized economy,” Esfandyar Batmanghelidj wrote in Foreign Policy.
From oil prices to canceled flights, here are some key figures that provide a snapshot of how the war has already upended the global economy.
!function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js"); U.S. Defense........
