Iran war is region’s costliest in decades

The Iran war has significantly impacted the Middle East's economies, affecting 10 countries that represent 70% of the region’s economic output. The conflict has disrupted energy, aviation, finance, and trade sectors, with the IMF projecting regional growth of 1.1% this year. Unlike past wars, this crisis is stalling reconstruction in Gaza, Lebanon, Sudan, and Syria, contrasting with the 1973 oil crisis which spurred a Gulf boom.