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'No time to recover': UNDP chief sounds alarm on growing poverty after Iran war shock

The United Nations Development Programme estimates 130 million people could fall into poverty this year due to conflict-driven fuel and food price increases, officials said.

Summary by France24
Global fuel prices have soared since the United States launched its war on Iran in late February, with Tehran's retaliations against Washington's Gulf allies curtailing major oil and natural gas supplies. Fiscal deficits and debt-to-GDP ratios around the world have ballooned since the 2008 global financial crisis, with governments firefighting against a series of shocks including the pandemic and wars in Ukraine and the Middle East. Speaking on …

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rtl.lu broke the news in Luxembourg City, Luxembourg on Thursday, October 15, 2026.
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