Oil prices continue to rise, causing a global chain reaction
The conflict in the Middle East is becoming increasingly serious, significantly impacting the humanitarian and economic situation in various countries, as reported by Azertag.
United Nations structures have expressed concern about the potential famine that may worsen under the current instability.
The situation in the oil market is deteriorating: in the morning in Asia, the price of Brent crude oil reached nearly $110 per barrel. The main reason for this increase is the reduction of maritime transport through the Strait of Hormuz, which is a key point for global energy trade.
According to the UN, rising oil prices are causing a chain reaction. This leads to increased costs for transportation, electricity, and agricultural resources, especially in countries that depend on energy resource imports. Additional difficulties arise from disruptions in logistics chains and rising insurance rates due to risks associated with military actions.
The World Food Programme (WFP) is signaling serious problems in global food supply chains. Currently, about 70,000 metric tons of food are delayed or redirected, which could feed 4 million people for a month.
Particular concern is raised by the shortage of fertilizers, which may negatively impact future harvests. The WFP predicts that in the event of a prolonged crisis, up to 45 million people may find themselves in a state of acute hunger.
According to the United Nations Conference on Trade and Development (UNCTAD), the reduction of maritime transport through the Strait of Hormuz is putting additional pressure on developing economies. In an environment of uncertainty, investors are pulling out capital, leading to currency depreciation and increased borrowing costs.
The humanitarian situation in the region continues to deteriorate. The World Health Organization (WHO) reported the suspension of medical evacuations from the Gaza Strip to Egypt through the Rafah crossing after a security incident.
In Lebanon, the healthcare system is facing significant challenges: since the beginning of March, there have been 92 attacks on medical facilities and personnel, resulting in 53 deaths and 137 injuries. In some hospitals, the number of emergency visits has tripled, forcing some facilities to close.
Despite the challenging conditions, the WFP continues its work: assistance has been provided to 440,000 people in Lebanon, and at Syrian border crossings, 70,000 people received support. However, nearly 80% of humanitarian convoys to southern Lebanon did not reach their destinations due to security-related restrictions.
The United Nations Population Fund (UNFPA) emphasizes that women and girls remain the most vulnerable. In Lebanon, more than 1.2 million people have been forced to leave their homes, including about 13,500 pregnant women. Over 620,000 women and girls are at heightened risk of violence and exploitation.
Meanwhile, the International Atomic Energy Agency (IAEA) confirmed reports of military strikes near the Bushehr nuclear power plant in Iran. One of the strikes occurred just 75 meters from the facility's perimeter; however, the plant itself was not damaged.
IAEA Director General Rafael Grossi warned that continued military activity near operational nuclear facilities could lead to serious radiological incidents with cross-border consequences. He noted that nuclear installations should not become targets for military actions.
photo www
