Iran - Israel/US War: Israel-US declare war on Iran, Iran responds

Economic indicators lag so what we are seeing is the beginning of the edge of the cliff.

UK likely will enter recession this year, Wall street expecting 30% chance the US will with inflation over 3%.

Once barrel of oil hits $125, we all going to be on a rough ride.
see US and Iran could do a deal but bastard Israelis dont care what happens to US europe anywhere thats why they so hated everywhere
 

Iran war could push 30 million people into poverty: UN​

The UNDP says the war will have a profound impact on Sub-Saharan African countries as well as certain countries in Asia such as Bangladesh and Cambodia. (File/AFP)

The UNDP says the war will have a profound impact on Sub-Saharan African countries as well as certain countries in Asia such as Bangladesh and Cambodia. (File/AFP)
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Updated 29 April 2026 18:04
AFP
April 29, 202614:29






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  • A shortage of supplies and high prices has led to countries in Africa and Asia imposing a range of measures that include fuel rationing and shortening the work week
PARIS: The US-Israeli war on Iran, which has sent the price of energy and fertilizer soaring, could plunge more than 30 million people into poverty, the head of the UN Development Programme said Wednesday.

“It’s development in reverse,” Alexander De Croo told AFP on the sidelines of a G7 development meeting in Paris.

“It took decades to build stable societies, to develop local economies, and it took only several weeks of war to destroy that,” he added.

“We did a study after six weeks of war and estimated that even if the conflict ended at that point, 32 million people would be pushed into precarity in 160 countries,” said De Croo.

The war has led to closure of the Strait of Hormuz, through which a fifth of the world’s oil and liquefied natural gas flows in peacetime.

Gulf nations are also important for many oil products and feedstocks to make fertilizer.

A shortage of supplies and high prices has led to countries in Africa and Asia imposing a range of measures that include fuel rationing and shortening the work week to reduce consumption. Other countries have reduced fuel taxes to cushion the impact on consumers.

The UNDP says the war will have a profound impact on Sub-Saharan African countries as well as certain countries in Asia such as Bangladesh and Cambodia.

Developing island nations will also be particularly hard hit.

High “energy costs, a lack of fertilizer, will have an enormous impact in the months to come” on people in these countries, said De Croo, a former prime minister of Belgium.

He also warned of “political instability and a drop in remittances from abroad because a lot of people working in the Gulf countries send money home.”

To avoid poverty taking hold, the UNDP estimates that around $6bn “is needed in subsidies to support those most vulnerable to high food and energy prices,” he added.

De Croo said discussions were already underway within the IMF and World Bank.

“You can say that six billion dollars is a lot — the war cost nine billion dollars per week,” he added.

The crisis comes as development aid is at a historic low, having dropped by more than 23 percent last year, primarily due to cuts by major donors led by the United States.
Bastard Bi and Israel dont give a flyshing shit
 
after larijiani that guy looked like the last leader to have a spine

But do not lose hope, pezeshkian is a figurehead only and irgc is running the real things.
In my view, this imposed war on Iran has strengthened the hardliners in the iranian political system and network and weakened the reformist, and if that is the case, Pezeshkian will Likely be the last reformist president of iran for a while. The US -israeli attack on iran proves the west can't be trusted by iran or negotiated fairly with, and instead, that war and tough actions by iran makes the US and israel treat iran fairly. In short, the war and co formed that tough talk is ehat US listens to, not soft negotiations that reformist have survived politically on for all these years. One evidence of this is that the reformist voices seem quiet these days, except for the president.
 
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UAE does not set prices. market sets price depending on demand and supply.
Again this is confusion of oil's value as a commodity and the price any state owned oil well can sell its barrels to various clients.

Is petrol at the pump ever a single fixed price regardless of where you buy it from?
 
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Bank of England interest rate decision is on the 30th April, 2026. Will be interesting to see if they increase interest rates or not, they may be tempted with a 25 basis points increase either this month, or more likely next month to curb inflation.
 

How Iran exposed the limits of the US navy | DW News

Apr 29, 2026

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How powerful is the world’s strongest navy today? DW looks at the Strait of Hormuz to show how drones, missiles and asymmetric warfare can disrupt global trade — even against the US Navy. Experts Bryan Clark, Senior Fellow at the Hudson Institute, and Zhou Bo, retired Senior Colonel, explain why aircraft carriers and bases are no longer enough, how Iran and non-state actors like the Yemeni Houthis exploit chokepoints, and what lessons the US and China are drawing for the future of naval warfare.
 
UAE and Dubai are finished for at least 15 years, for the time to rebuild their reputation as a safe haven, and even this will not guarantee everything will come back to pre-war status

They have been finished in less than 2 weeks since the start of the war
Wow!

UAE also cannot see any tangible benefits from leaving OPEC and increasing its oil production for at least 6 months at least, because of all the damage to oil infrastructure in the Persian gulf and insecurity from the war on Iran.
 
Bastard Bi and Israel dont give a flyshing shit
Yes the bastard Netanyahu and Israel do not care.

Sometimes I wish Pakistan would give MRBMs to Iran, and Iran can launch those non-Nuclear MRBMS at that hell on earth Israel.

Israel is the most hated nation on earth.
 
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Trump is failing to realize that he lacks any real leverage in this situation. Iran has already successfully circumvented the blockade by routing through Pakistan.

Even if he remains indifferent to international opinion, he is rapidly alienating his own base. It is a display of peak incompetence!
 
Demand for oil maybe less as moe countries start going for renwables and nuclear etc
1. The current dip in demand will be short term.

2. Even with nuclear and renewable, oil is projected to still be in demand for a few more decades, because its used for many things outside of fuel for vehicles.
 

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