UN): On Wednesday, April 29, 2026, the head of the United Nations Development Programme (UNDP) stated that over 30 million people could become impoverished as a result of the US-Israeli war against Iran, which has driven up the cost of energy and fertilizer worldwide. according to an AFP news agency report.
Alexander De Croo, the head of UNDP, stated that development was currently regressing while speaking in Paris at the G7 summit on development. He continued by saying that while it takes decades to create stable societies and advance each country's economy, these accomplishments can be destroyed by a few weeks of conflict.
According to De Croo, a UNDP study carried out six weeks after the war started predicted that 32 million people would be forced into poverty in 160 countries, even if the conflict were to end by then. According to the UNDP, developing nations have been particularly badly affected by the Middle East conflict.
The Strait of Hormuz, which is essential for the global transportation of gas and oil, has closed as a result of the US-Israeli war with Iran that broke out in late February. However, the Gulf Arab states are also crucial for a variety of petroleum products, such as fertilizer raw materials. The crisis also coincides with a historic low in development aid, which dropped by over 23% last year, mostly as a result of cuts from major donors, chief among them the United States.
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