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Economy Apr 01, 2026

UNDP warns one‑month Iran conflict could erase up to $194 billion from Arab economies

A UN Development Programme report estimates that a four‑week US‑Israel war on Iran could shrink Ara…
The United Nations Development Programme (UNDP) released a stark assessment on Tuesday, projecting that a four‑week US‑Israel conflict with Iran could slash Arab regional GDP by 3.7 % to 6 %. In monetary terms, the loss translates to a contraction of $120 billion to $194 billion, marking one of the deepest economic shocks in recent Middle‑East history. UNDP’s regional director, Abdallah Al Dardari, warned that the downturn would likely eliminate 3.7 million jobs and drive around four million additional people below the poverty line. He described the situation as exposing the “fragility of the Arab economy.” The analysis is based on a scenario of a “short but intense conflict lasting for four weeks.” Should hostilities extend beyond that window, the economic fallout could be even more severe, especially as Iran’s attacks on Gulf energy infrastructure tighten oil and gas flows through the Strait of Hormuz. Amid tightening supplies, Brent crude futures surged 4.7 % to over $118 per barrel. The report highlighted that disruptions to “strategic maritime corridors” generate “knock‑on effects on inflation, trade flows, and global supply chains,” threatening the livelihoods of interconnected economies across the region. Poverty spikes are expected to be most pronounced in the Levant and in “fragile” states such as Sudan and Yemen, where baseline vulnerability is already high and economic shocks translate quickly into welfare losses. Lebanon faces a compounded crisis after Hezbollah’s retaliatory strikes against Israel, following the US‑Israeli killing of Iran’s Supreme Leader Ayatollah Ali Khamenei on 28 February. Ongoing air strikes, evacuation orders, and widespread destruction of residential areas, transport networks, and public services have triggered large‑scale displacement. Al Dardari concluded with a plea: “We hope the fighting will stop tomorrow, as every day of delay has negative repercussions on the global economy.”
#UNDP #Iran #Israel
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News Apr 01, 2026

US‑Israel Airstrikes Intensify in Iran, Targeting Pharma Hub and Critical Infrastructure Amid Rising IRGC Defiance

Coordinated US‑Israel air raids have struck Tehran, Isfahan and other Iranian cities, damaging powe…
Coordinated strikes by United States and Israeli forces hit Tehran, Isfahan and several other Iranian cities on Tuesday, prompting widespread power outages and extensive damage to civilian sites. The Ministry of Energy confirmed that shrapnel from the raids ruptured a primary power‑transfer line, but the outage was restored within a few hours. Among the most critical targets was the Tofigh Darou pharmaceutical complex in the Karaj industrial zone. The facility, which supplies over 90% of Iran’s domestically produced medicines—including cancer and multiple‑sclerosis treatments—sustained heavy damage from multiple projectiles. In central Iran, Isfahan endured a barrage of heavy bunker‑buster bombs over a nearby mountainous area, likely aimed at military installations. The explosions triggered secondary blasts that illuminated the night sky and produced reverberating shockwaves across the city. North‑west of Tehran, in Zanjan, a building identified as the administrative department of the Hosseinieh Azam religious centre was struck, resulting in at least four fatalities and several injuries. Iranian authorities now claim that more than 2,000 people have been killed by US‑Israeli attacks since the conflict erupted on 28 February, with residential blocks, schools, hospitals and historic sites also affected. Additional targets this week included civilian nuclear facilities, major steel producers, petrochemical plants, and the Iran University of Science and Technology, where an imaging satellite was developed. A professor linked to Iran’s missile programme and his two children were assassinated at their home in northern Tehran. U.S. President Donald Trump reiterated threats to strike Iran’s oil and gas infrastructure, power plants and water‑desalination facilities. Despite the onslaught, the Islamic Revolutionary Guard Corps (IRGC) continues to project defiance. A spokesperson for the Khatam al‑Anbiya Central Headquarters declared that Tehran’s adversaries are “humiliated and on the path of destruction,” while senior commander Ali Fadavi warned that American warships are vulnerable and allegedly transmit false transponder signals. The IRGC also released footage of ballistic missiles aimed at Israel and surrounding nations, and claimed to have downed two U.S. MQ‑9 Reaper drones, promising retaliatory strikes against technology firms linked to the United States and Israel. Domestically, the judiciary announced the execution of two members of the foreign‑based Mojahedin‑e‑Khalq (MEK) group, labeling them terrorists. This follows a series of recent executions tied to the January protests and broader dissent. Authorities also issued new indictments against roughly 200 individuals accused of assisting the U.S. and Israel, including alleged “mercenaries” who disseminated strike footage abroad. Penalties for national‑security offenses now encompass asset confiscation and capital punishment. President Masoud Pezeshkian convened his first cabinet meeting since the war’s onset in a makeshift, blue‑covered space, emphasizing that any peace negotiations will safeguard Iran’s “dignity, security and national interests.” Israel’s Channel 14 reported that Pezeshkian sought greater negotiating leverage with the United States, a request allegedly rebuffed by IRGC chief Ahmad Vahidi.
#iran #israel #irgc
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News Mar 31, 2026

Eight Evacuated Gaza Toddlers Return Home After Two Years, Highlighting a Rare Humanitarian Reunion Amid Ongoing Conflict

Eight toddlers who were evacuated as premature babies from al‑Shifa Hospital during the 2023 Israel…
Eight former premature infants who were airlifted out of al‑Shifa Hospital in November 2023 have been brought back to Gaza, reuniting with their families in Rafah after a humanitarian mission lasting over two years.The children were part of a cohort of at least 25 babies born prematurely who were rescued as Israeli forces stormed the Gaza City medical complex. After receiving critical treatment abroad, the eight toddlers returned accompanied by three relatives and two medical staff, according to the Palestine Red Crescent Society.Hundreds of thousands gathered in Rafah for the emotional reunion. Since the war began in October 2023, the conflict has claimed more than 72,200 lives, including tens of thousands of women and children."Our feelings are indescribable. This is the most important moment in our lives," said Samer Lulu, father of Kinda Lulu, to Al Jazeera. He added that the joy is tempered by the harsh reality of an uncertain future for Gaza’s children.The International Rescue Committee (IRC) warned that the war is reshaping family structures, leaving a growing number of children without parental care. Ulrike Julia, the IRC’s Child Protection Coordinator, emphasized that community‑based care is essential but cannot survive without sustained external assistance.In 2023, the infants were first moved from al‑Shifa to southern Gaza and then evacuated to Egypt for life‑saving treatment. Inside Gaza’s hospitals, doctors faced severe shortages of antibiotics, IV solutions, and even food, supplies that were reportedly blocked by Israeli restrictions.Ola Hijji, mother of toddler Sulaiman Hijji, recalled being forced into a caesarean section at eight months pregnant and losing contact with her child after he was transferred to al‑Shifa’s neonatal intensive care unit. "It’s a beautiful feeling to be reunited," she said.Despite a declared ceasefire in October 2025, Israeli strikes continue near‑daily. The Gaza Health Ministry reported that recent attacks killed over 700 Palestinians and injured many more, including five casualties in a single day of airstrikes across Jabalia and Khan Younis.These reunions underscore the resilience of Gaza’s families while highlighting the urgent need for sustained humanitarian support and a durable path to peace.
#gaza #israel #rafah
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News Mar 31, 2026

Ukrainian Drone Strikes Cripple Russia's Ust‑Luga Oil Hub as EU Diplomats Arrive in Kyiv

Ukrainian drones have hit Russia's Baltic port of Ust‑Luga five times in ten days, halting a sizabl…
Ukrainian unmanned aircraft have targeted the Russian Baltic port of Ust‑Luga for the fifth time within a ten‑day span, intensifying Kyiv's campaign against Russia's oil‑export infrastructure. Regional governor Alexander Drozdenko reported that three individuals, two of them children, received medical care after the latest overnight raid, and several structures sustained damage. He added that regional air‑raid alerts have since been lifted, though details on port damage remain scarce. Located on the southeastern coast of the Gulf of Finland, Ust‑Luga comprises an extensive network of oil‑processing plants and export terminals. The facility moved 32.9 million metric tonnes of oil products in the previous year and typically handles around 700,000 barrels of crude oil per day. The series of strikes on March 22, 25, 27, 29 and 31 forced temporary suspensions of export operations. According to market‑based calculations, the cumulative effect of drone attacks, a contested pipeline strike and the seizure of tankers has halted roughly 40 % of Russia's oil export capacity. The disruption has contributed to a surge in global oil prices, with Brent crude climbing above $116 a barrel – its highest level in nearly two weeks amid escalating conflicts involving the United States, Israel and Iran. While Kyiv continues to press its aerial campaign, the European Union dispatched senior diplomats, including top envoy Kaja Kallas, to the Ukrainian capital. Their visit, timed with the fourth anniversary of the Bucha massacre, underscored EU commitment to holding Russia accountable for alleged war crimes. Kallas posted on X, describing Bucha as a symbol of Russian brutality, and affirmed that the EU will not allow such atrocities to go unpunished. Ukrainian Foreign Minister Andrii Sybiha echoed the message, urging international partners to keep their focus on Ukraine despite the widening war in the Middle East. Financially, the EU’s planned €90 billion loan for Ukraine has been stalled by Hungarian Prime Minister Viktor Orban, who objects to Russia's oil transit through the Druzhba pipeline and is also impeding Ukraine's EU accession talks. In parallel, Kyiv announced that its air‑defence forces intercepted 267 of 289 Russian drones launched overnight, while Russian officials claimed control of the village of Mala Korchakivka in the Sumy region. The convergence of intensified drone attacks on Russian oil assets, soaring energy prices, and high‑level EU diplomatic activity highlights the expanding geopolitical ripple effects of the Ukraine conflict across Europe and the broader Middle‑East theater.
#russia #ukraine #drones
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News Mar 31, 2026

Israeli‑U.S. Airstrikes Damage Iran’s Major Cancer‑Drug Plant and Shia Shrine, Escalating Regional Tensions

Coordinated Israeli and U.S. strikes have hit a leading Iranian pharmaceutical firm that produces c…
Israeli and U.S. forces launched a series of air strikes on Tuesday that struck Tofigh Daru Research and Engineering Company, one of Tehran’s largest producers of anaesthetics and anti‑cancer medicines. The state‑run firm, owned by the Social Security Investment Company, saw its drug‑production line damaged, according to an official post on X. In the north‑western city of Zanjan, a separate strike hit the Husseiniya Azam, a Shia congregation hall adjacent to a mosque. Iranian Red Crescent teams rescued two people from the rubble; one of the victims died and several others were injured. Further attacks were reported in the western province of Kermanshah, where a civilian contracting company in Qasr‑e Shirin – a border town with Iraq – was hit. One person was killed and eight injured, the Mehr news agency said. Heavy bombing was also confirmed in Isfahan, a strategic hub for Iran’s defence industry and home to key nuclear facilities such as Natanz. Local officials indicated that the strikes may have targeted “military sites,” though the exact locations and damage assessments remain unclear. Iranian officials condemned the operations. Former foreign minister Javad Zarif denounced the targeting of the pharmaceutical plant as a deliberate attack on a medical facility, calling the aggressors “desperate” and accusing them of “diabolical delusions.” Governor‑level security official Akbar Salehi echoed these concerns, noting that the strikes appeared aimed at military installations without specifying which ones. The broader conflict has already claimed 1,937 Iranian lives since the joint U.S.–Israeli campaign began on 28 February, while 20 Israelis have been killed. Recent Israeli interceptions using the Iron Dome and David’s Sling systems have limited damage on Israeli soil, but impact sites were reported in Tel Aviv, Bnei Brak and Petah Tikva. Amid the escalating violence, diplomatic channels remain active. U.S. Secretary of State Marco Rubio told Al Jazeera that communications between Washington and Tehran continue, primarily through intermediaries, and that the U.S. aims to achieve its war objectives “in weeks, not months.” Pentagon chief Pete Hegseth added that negotiations to end the conflict are “very real, ongoing and gaining strength.” Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed a retaliatory strike, saying it hit an Israeli container ship in the Gulf with a ballistic missile and that Iranian drones targeted a group of U.S. Marines near a UAE military base. Public sentiment in Iran has turned sharply hostile, with pro‑state demonstrations erupting in Tehran as citizens protest the continued air raids. The atmosphere, described by Al Jazeera’s Tohid Asadi as a “cloud of mistrust,” reflects growing frustration over diplomatic dead‑ends and the relentless cycle of attacks.
#iran #israel #zanjan
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News Mar 31, 2026

Trump Considers Shifting Iran War Costs to Arab Allies, Reviving Gulf‑War Funding Playbook

White House officials say President Trump is exploring a plan to ask Arab nations to finance the U.…
President Donald Trump is reportedly weighing a request for Arab countries to fund the U.S.–Israel war on Iran, White House spokesperson Karoline Leavitt told reporters on Monday. Leavitt said the president is "quite interested" in calling on regional partners to share the expense.The idea mirrors the financing arrangement of the 1990‑91 Gulf War, when a coalition of Arab and Western nations covered roughly 88% of the $61 billion cost, leaving the United States to foot only about 12%.Trump also hinted that, even if the Strait of Hormuz remains closed, other export‑dependent partners should manage the crisis. The strait carries about 20% of the world’s oil and LNG shipments; its shutdown has pushed Brent crude to **$116 per barrel**, up from pre‑war levels near **$65**.Iran, meanwhile, has demanded that the United States pay reparations to Iranian victims as a precondition for any cease‑fire.So far, there is no clear commitment from Gulf Cooperation Council (GCC) members—countries that have themselves been hit by Iranian strikes—to finance the conflict. Analysts estimate the total bill could run into tens of billions of dollars, though exact figures remain uncertain.Experts note a shift in regional attitudes: GCC states opposed the war before it began and continue to call for diplomacy, according to Zeidon Alkinani of the Arab Perspectives Institute. He added that Israel appears to be the primary driver pushing the United States into the confrontation.History shows the United States has repeatedly sought external funding for wars it leads. During the Gulf War, Saudi Arabia contributed $16.8 billion (27% of total costs) and Kuwait $16 billion (26%). Japan, Germany, the UAE and South Korea also supplied sizable sums.Post‑World War II, the U.S. administered the Marshall Plan, providing over $13 billion to rebuild Europe, while Germany and Japan paid reparations and later funded the upkeep of U.S. bases—about $1 billion annually each.In the ongoing Ukraine war, the United States once delivered the largest aid package—€114.64 billion (≈$134 billion) by mid‑2025. Since Trump returned to office in 2025, he has withdrawn **99% of U.S. support**, shifting the financial load to European allies and turning the U.S. into a major arms supplier, with weapons sales reaching a record **$318.7 billion in 2024**. Recent deals, such as a $10 billion weapons package for Ukraine financed by European partners, illustrate this new model.These precedents underscore a pattern: when U.S. leadership faces costly overseas engagements, it often looks to allies—especially those with strategic interests—to share or assume the fiscal burden.
#war #ukraine #germany
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World Economy Mar 31, 2026

G7 Vows to Stabilize Energy Markets Amid Iran-US Conflict

The G7 countries have pledged to take necessary measures to stabilize the energy market, which has …
The Group of Seven (G7) countries have committed to taking all necessary measures to stabilize the energy market, which has been roiled by the ongoing conflict between the US and Iran. In a statement released after a teleconference organized by France, the G7 emphasized its readiness to preserve the stability and security of the energy market in close coordination with its partners. The meeting came as Brent crude prices surged above $116 a barrel due to Iran's retaliatory actions against Gulf oil producers and the effective blockade of shipping through the Strait of Hormuz. The G7, comprising the US, Canada, Japan, Britain, France, Germany, and Italy, also called on countries to refrain from imposing unjustified export restrictions on oil, gas, and related products. The International Energy Agency (IEA) had earlier agreed to release a record 400 million barrels of oil from strategic stockpiles to combat spiking global crude prices. The G7 central banks have committed to maintaining price stability, with monetary policy to be based on data. The conflict has raised fears of further escalation that could drive oil and natural gas prices even higher.
#iran #oil #energy
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Politics Mar 31, 2026

Israel Passes Death Penalty Bill Targeting Palestinians

Israel's parliament, the Knesset, has passed a bill that will impose the death penalty on Palestini…
Israel's parliament, the Knesset, has passed a controversial bill that will instruct military courts to impose the death penalty on Palestinians convicted of killing Israelis in acts of 'terror'. The law, which enters into effect within 30 days, was approved by 62 lawmakers, with 48 voting against it and one abstention.The new law targets only West Bank Palestinians, who are not Israeli citizens, and instructs military courts to impose the draconian sentence for lethal attacks on Israelis. Amichai Cohen, a senior fellow at the Israel Democracy Institute's Center for Democratic Values and Institutions, noted that 'Jews will not be indicted under this law'.The Palestinian Authority called the bill 'a war crime against the Palestinian people', saying that it breached the Fourth Geneva Convention. Rights group B'Tselem pointed out that the conviction rate for Palestinians tried in military courts is about 96 percent, with many convictions based on 'confessions' obtained through pressure and torture during interrogations.The law has been condemned by international critics, including the foreign ministers of France, Germany, Italy, and the United Kingdom, and Amnesty International, which said it would make the death penalty 'another discriminatory tool in Israel's system of apartheid'. The Association of Civil Rights in Israel has filed a petition with Israel's Supreme Court to challenge the law, describing it as 'discriminatory by design' and 'enacted without legal authority'.
#Israel #Knesset #death penalty
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Politics Mar 31, 2026

Haiti Gang Attack Death Toll Soars to 70, Exceeding Official Estimates

A gang attack in Haiti's Artibonite region has resulted in at least 70 deaths and 30 injuries, acco…
A devastating gang attack near Petite-Riviere in Haiti's Artibonite region has claimed the lives of at least 70 people and injured 30 others, according to the Defenseurs Plus human rights group. This grim toll significantly exceeds official estimates, which put the death count at approximately 16.The violence erupted in the early hours of Sunday and continued into Monday, with gang members storming rural communities around Jean-Denis, setting homes ablaze, and displacing an estimated 6,000 people, as per Defenseurs Plus. The United Nations reported that over 2,000 individuals had fled their homes in the preceding days following nearby raids by armed gangs.The attack is attributed to the Gran Grif gang, with its leader, Luckson Elan, allegedly stating that it was a retaliation for assaults on their base in Savien by a rival armed group. This incident marks another in a series of massacres in the area, largely attributed to Gran Grif, which has been designated as a 'terrorist' organization by the United States.The Artibonite region, a crucial agricultural area, has witnessed some of Haiti's worst violence. Despite increased policing efforts and promises of foreign support for Haiti's security forces, gang conflict has spread beyond the capital, Port-au-Prince. The Haitian National Police has launched an operation to apprehend the fleeing gang members.This surge in violence is part of a larger crisis, with close to 20,000 people killed in Haiti since 2021, according to a recent UN report. The situation has worsened an economic crisis and access to food, with over 1.4 million people, or about 12 percent of Haiti's population, displaced by the conflict with armed gangs.
#Haiti #Artibonite #gang violence
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