šŗšøš®š· The Iran war by the numbers, and none of them are goodā¦
-$29 billion spent by the U.S. military
-$58 billion in Gulf energy infrastructure damaged or destroyed
-Global growth slowing from 2.9% to 2.5%
-The World Bank downgrading two-thirds of countries
-Gas hitting $4/gallon nationally and $6 in California
127 ships transited the Strait of Hormuz in the entire 3 weeks between May 18-June 7, before the war that number was 100 ships per day.
15 Asian countries are now seeking emergency loans, the Philippines declared a national energy emergency and bought Russian oil for the first time in 5 years, and Sri Lanka moved to a 4-day work week.
A deal was agreed to yesterday and the Strait will reopen Friday after itās made official⦠but the bill for this war will be paid for years to come.
Source: Financial Times / Writer: Michael
š®š· Iran's FM says the U.S. is responsible for making the deal stick, and that Israel's attacks on Lebanon have to stop completely.
Abbas Araghchi made the comments in separate calls with his Turkish, Iraqi and Egyptian counterparts.
His message puts the pressure squarely on Washington to rein in Israel, just as Israeli ministers line up to reject the deal outright.
Source: Reuters / Writer: Julie