Skip to main content
See every side of every news story
Published loading...Updated

How the US/Israel War Against Iran Undermines Global Economic Prospects - Antiwar.com Blog

Airstrikes by US and Israel on Iran have resulted in widespread civilian damage, displaced over 3 million people, and triggered an 8.6% decline in Asian markets.

  • This week, President Donald Trump and Prime Minister Benjamin Netanyahu escalated airstrikes on Iran, sharply raising Gulf tensions, with Trump ordering bombing of 90 targets on Kharg Island.
  • Israel's expansion of an 'obliteration doctrine' intensified drivers of conflict, while a global 10–15% tariff framework risks worsening supply shocks from the war.
  • Since the escalation, Iran reported nearly 10,000 civilian locations damaged, with thousands killed and 3.2 million displaced, including 800,000 in Lebanon.
  • Brent crude peaked near $120 on March 9, as the MSCI AC Asia Pacific Index fell 8.6%, threatening growth in emerging Asian economies responsible for 60% of global expansion.
  • The Pentagon asked Congress for $50 billion, amid costs of about $1 billion daily, while China sends special envoy Zhai Jun to the Middle East.
Insights by Ground AI
Podcasts & Opinions

12 Articles

Lean Right

US Invests 18 Trillion Won in Iran War; Global Economy Expected to Rebound Significantly Upon End of War. The United States announced on the 15th (local time) that it has invested approximately $12 billion (about 18 trillion won) so far in its military operation against Iran, codenamed "Epic Fury." Kevin Hassett, Director of the White House National Economic Council (NEC), stated on this day at CB...

Left

U.S. Democratic Socialist Senator Bernie Sanders said yesterday that Israel’s first minister – currently a fugitive from the International Criminal Court – Benjamin Netanyahu, “bred President Donald Trump into this horrible (against Iran) and unpopular war. Now he doesn’t know how to get out of it,” he wrote on his X account. Vermont’s independent senator shared figures that reflect the economic and human cost of the war in the Middle East so fa…

·Mexico
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Right
50% Right

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

La Jornada broke the news in Mexico on Sunday, March 15, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal