Iran war could push more than 32 million people into poverty; UN warns developing countries of ‘triple shock’

Iran war could push more than 32 million people into poverty; UN warns developing countries of 'triple shock'

The United Nations Development Program (UNDP) said the economic impact of Iran’s war could push more than 32 million people into poverty around the world, with developing countries hardest hit.The report, released against a backdrop of uncertainty over a fragile ceasefire, said the world economy was facing a “triple shock” of rising energy prices, food … Read more

BlackRock CEO Larry Fink warns oil prices could hit $150 amid Iran-US war, leading to ‘global recession’

BlackRock CEO Larry Fink warns oil prices could hit $150 amid Iran-US war, leading to 'global recession'

BlackRock CEO Larry Fink warned that oil prices could hit $150 in a war between Iran and the United States, triggering a “global recession”/Image source: BBC The escalating conflict between Iran, Israel and the United States has lasted more than three weeks, with Washington deploying more than 4,000 marines to the region and considering further … Read more