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World Economy Mar 23, 2026

Gulf Economies Reeling as Iran War Disrupts Trade and Tourism

The ongoing conflict between the US, Israel, and Iran is having a significant impact on the economi…
The economic fallout of the US and Israel's war with Iran is being felt across the globe, with Gulf economies suffering some of the worst damage. Iran has launched continuous attacks on Gulf states since the onset of the conflict on February 28, arguing that it is targeting military bases used by the US for the war.Gulf nations have rejected Tehran's claims, insisting the attacks on them are unjustified. The Iranian strikes have upended energy production and inflicted major disruptions to tourism and travel, putting the region at risk of some of the most severe economic harm since the 1990-1991 Gulf War.According to Khaled Almezaini, an associate professor of politics and international relations at Zayed University in Dubai, the region is likely losing hundreds of millions of dollars per day in economic activity due to disruptions to aviation, tourism, shipping routes, and energy exports.Middle Eastern oil producers' daily output declined from 21 million barrels to 14 million barrels after a little more than a week of conflict, according to Rystad Energy. Output is expected to drop substantially further if commercial shipping continues to avoid the Strait of Hormuz due to Tehran's threats.Goldman Sachs estimated that Qatar and Kuwait could see their GDPs plunge 14% if the war lasts until the end of April, with the UAE and Saudi Arabia facing contractions of 5% and 3%, respectively. Meanwhile, S&P; Global Ratings has affirmed a 'stable outlook' for Qatar, citing the country's large financial buffers.The war has also spilled over into other critical sectors, particularly tourism and travel, which accounts for about 11% of the GCC's GDP. Airspace closures and restrictions led to 37,000 flight cancellations from February 28 to March 8 alone.In an analysis published last week, the World Travel & Tourism Council estimated that the conflict was costing the region $600m in daily spending by international visitors. The economic fallout could be comparable to historic regional crises if the war drags on.
#war #gulf #economic
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Commentisfree Mar 23, 2026

The Video Game War: How Trump's Administration Is Framing the Conflict in Iran

The article discusses how the Trump administration is portraying the war in Iran as a video game, u…
The US conflict in Iran, with its wide-reaching consequences for the Middle East and global economy, is being portrayed by the Trump administration in a strikingly detached and simplistic manner. The war is being likened to a video game, a spectator sport, and a social media event, complete with memes and AI-generated content.A week into the conflict, the White House uploaded a series of social media clips featuring montages of popular movies like Top Gun, Braveheart, and Breaking Bad, with captions like 'Justice the American way.' Another clip, titled Touchdown, showed NFL players tackling each other, culminating in an explosion labeled 'unclassified.' Even SpongeBob SquarePants made an appearance, asking, 'Wanna see me do it again?' followed by an explosion.A senior White House official described their approach as 'grinding away on banger memes, dude,' highlighting an 'entertainment factor' in their strategy. This approach reflects Donald Trump's and his MAGA base's tendency to view politics as a competition, where scoring, winning, and humiliating the opponent are paramount. The conflict is thus framed not in terms of death, destruction, or economic fallout but as a game of scoring points.The use of AI in the conflict has been unprecedented, with Adm Brad Cooper, Centcom commander for Operation Epic Fury, noting that AI played a crucial role in the over 5,500 strikes on Iran. AI tools can accelerate processes that used to take hours or days into mere seconds, streamlining the 'kill chain' and reducing human involvement in target selection.This detachment is further exacerbated by the remote nature of the conflict and the current information ecosystem, where events are flattened into social media feeds, making it difficult to discern reality from fiction. The glut of information, including fake footage and AI-generated content, has dulled our sensitivity to the true stakes of the conflict.The article concludes with a call to retain empathy and humanity in the face of political leaders who benefit from dehumanizing conflict and platform owners who profit from it. The challenge is to understand the human cost of the war and exercise pressure on those responsible for the suffering.
#war #not #trump
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Entertainment Mar 22, 2026

Jenni Murray, Iconic Voice of Woman's Hour, Dies at 75

Jenni Murray, the longest-serving presenter of BBC Radio 4's Woman's Hour, has died at the age of 7…
Jenni Murray, a trailblazing broadcaster and longest-serving presenter of Woman's Hour, has died at the age of 75. Murray brought a unique calm authority to the BBC Radio 4 weekday show for an impressive 33 years, transforming it into a platform for discussing subjects such as the menopause, domestic violence, genital mutilation, and sexual politics.Under Murray's tenure, which began in 1987, Woman's Hour evolved significantly from its origins in 1946 as a program focused on cooking, cleaning tips, and romantic serials. By the time Murray took over, the show had become a sisterhood of the airwaves, as described by the Sunday Times in 1996.Murray was renowned for her fearless and thoughtful questioning of guests, which included politicians, film stars, authors, poets, chefs, gardeners, lawyers, and anxious parents. One notable interview was with Margaret Thatcher in 1990, where Murray exposed the ideological differences between the feminist approach and Thatcher's views on childcare and gender equality.Murray also conducted incisive interviews with other prominent figures, including Edwina Currie, who revealed her affair with John Major, and Tessa Jowell, discussing her financial decisions. Her conversations were marked by a flair for the dramatic and a deep empathy for her guests.Throughout her career, Murray was not without controversy. In 2017, she faced backlash for an article she wrote questioning the use of the term 'real woman' by trans individuals. The BBC subsequently warned her about maintaining impartiality on controversial topics.Murray's contributions to broadcasting were widely recognized. She was awarded an OBE in 1999 and a dame in 2011. Woman's Hour won the Television and Radio Industries Club's award for best radio program in 2004, and Murray received two Sony awards in 2010 and 2011.Murray's legacy extends beyond her broadcasting career. She was a champion of women's rights and a prolific author, writing several books, including her memoirs and a history of women's suffrage.
#Jenni Murray #BBC Radio 4 #Woman's Hour
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World Economy Mar 19, 2026

The Dark Side of Oil: How Greed Fuels Global Chaos

The article explores the connection between the West's pursuit of oil and its impact on global poli…
The West's relentless pursuit of oil has been a driving force behind its involvement in the Middle East for over a century. This greed for oil has led to numerous conflicts, coups, and interventions, shaping the region's politics and economies.The 1953 coup against Iran's democratically elected government, led by Mohammad Mossadegh, is a prime example. The UK and US orchestrated the coup to prevent Iran from nationalizing its oil industry, which was controlled by the Anglo-Iranian Oil Company (now BP). This event set the stage for decades of repression under the shah's dictatorship and ultimately contributed to the 1979 revolution, which was hijacked by the ayatollahs.The article argues that capitalism and 'free markets' are often misconstrued. The pursuit of profit has led to the plunder of resources, exploitation of labor, and intimidation of communities. The fossil fuel industry, in particular, has extended and empowered capitalist systems, often at the expense of human lives and the environment.The world's military power exists largely to ensure the flow of oil and other resources to banks, shareholders, and commodity traders. This has led to a concentration of power in the hands of a few, undermining democracy and fueling autocratic regimes.To address these issues, the article calls for a reduction in oil dependency and a transition to greener, cleaner energy sources. This would help to defuel dictatorships, war machines, and climate breakdown. The author argues that an emergency program to phase out fossil fuels is necessary, with the same urgency and mobilization as wartime efforts.
#iran #oil #capitalism
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