The United Nations has warned that a prolonged conflict involving Iran could plunge over 8 million people across the Asia-Pacific region into poverty. This risk is driven by expected job losses, crippling inflation, and food insecurity resulting from global oil shock.

The United Nations has issued a grim warning about the costs to the Asia-Pacific region of a prolonged conflict in Iran, forecasting job losses, crippling inflation and food insecurity, with the poorest nations brutally exposed to the oil shock and millions of informal workers facing the body blow of rising transport costs. More than 8 million people across the Asia-Pacific could be plunged into poverty if the crisis that closed the Strait of Hormuz drags on, according to a study published on...