What would be the cost of a regional war in the Middle East? | Business and Economy

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    Sandy PhillipsSandy Phillips
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    Geopolitical tensions in the Middle East are escalating after Iran’s major missile attack on Israel.

    Middle East tensions are ratcheting up, bringing the region closer towards an all-out war.

    The geopolitical risk rose after Iran launched a major ballistic missile attack targeting sites across Israel.

    The escalation comes almost a year after Israel started its war on Gaza.

    A widening war in the region could carry heavy costs for the parties involved, including economic and humanitarian losses.

    The long-term effects could also have serious ramifications for the global economy.

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