4 days ago

Six Months Into Iran War, Political and Economic Costs Mount

Six Months Into Iran War, Political and Economic Costs Mount
Politics To Oil: The 6 Consequences Of Iran War After 6 Months · NDTV

The United States and Israel have been fighting Iran for six months.

Iran has not surrendered, so the war has become a stalemate.

Ships are having trouble traveling through an important waterway called the Strait of Hormuz.

Higher oil and gas prices have hurt people and weakened President Trump’s popularity.

The world economy has slowed, but it has not suffered as badly as some experts feared.

Iran’s military has been badly damaged, but it can still use missiles and drones.

The fighting has also made the Middle East less safe and disrupted trade.

Iran’s nuclear program may have been delayed, but inspectors cannot check all of its facilities.

The United States has used many weapons and moved military forces, raising concerns about its readiness elsewhere.

Key facts

Trump approval rating
Fell from 40% to 33% since the conflict began, according to Reuters/Ipsos polling.
Approval of the conflict
31% of the country approves, according to the cited Reuters/Ipsos poll.
Global growth forecast
The International Monetary Fund forecasts 3.0% growth this year, down from 3.3% in January.
Strait of Hormuz
The waterway is about 21 miles, or 34 kilometers, wide and carries roughly one-fifth of the world’s energy supplies.
Iranian military damage
Admiral Brad Cooper said 161 Iranian naval vessels were destroyed and 82% of air defenses were disabled.
Iranian food inflation
Food inflation reached 128% year-on-year in July, according to Iran’s Statistical Center.
U.S. aircraft losses
A Congressional Research Service report said 42 U.S. military aircraft had been lost in the conflict.
Iran’s uranium stockpile
The International Atomic Energy Agency has been unable to verify the location of roughly 440 kilograms of uranium enriched to 60%.

Sources

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