Philenews

The Cost of War with Iran and Long-Term Consequences

Published March 5, 2026, 09:16
The Cost of War with Iran and Long-Term Consequences

The war between Iran and Israel, with US support, has escalated into a wider conflict in the Middle East, affecting countries such as Lebanon, Kuwait, the UAE, and Iran. Over 1,000 casualties have been reported, primarily in Iran and Lebanon. The situation is worsening with threats to close the Strait of Hormuz, attacks on US embassies and data centers, and the prospect of continued bombing by the US. The economic cost of the conflict is expected to be enormous, as demonstrated by previous wars in Iraq and Afghanistan, where initial estimates significantly underestimated the final cost. The US is already spending over $59 million daily on military movements in the region, while the potential disruption of navigation in the Strait of Hormuz threatens to increase oil prices and have global economic consequences. Despite concerns about Iran's nuclear program, it is estimated that building nuclear weapons will take years. The termination of the nuclear program limitation agreement by the previous Trump administration is considered to have increased the risk of military conflict. A return to diplomatic solutions could prevent further escalation. Overall, the conflict highlights the failure of violence as a means of solving problems and its high cost, both in human lives and economic resources. The need for a peaceful settlement and restoration of stability in the region is imperative, as the continuation of the conflict will have devastating consequences for all involved.