Countries responsible for the Iran war should finance assistance to affected developing economies

Escalating conflict between Iran, the US, and regional powers centered on Iran's closure of the Strait of Hormuz, military strikes across the Gulf, NATO's response, and broader diplomatic and economic fallout including sanctions, cyber warfare, and the Israel-Lebanon front. The maritime confrontation between the United States and Iran expanded alongside Iranian missile attacks elsewhere in the region. Iran said it targeted ten vessels near the Strait of Hormuz, while the United States denied that its warships were hit. Jordan said it intercepted 18 of 20 Iranian missiles directed towards a U.S. base, with the remaining two landing in unpopulated areas without reported casualties.

The World Bank is discussing crisis assistance with 30–40 countries facing energy and price shocks. Options include emergency financing and reallocating existing projects. Ajay Banga said available funding might expand to $100 billion if conditions deteriorate; that amount has not been committed or disbursed.