The Economic Fallout of the Ukraine War in the Middle East

Abstract: The Middle East and its close regional connecting states, such as Iran, are beginning to experience the first impacts of the Ukraine War and its accompanying economic fallout. The effects are being experienced in different ways according to the distinct trade and economic arrangements that countries have made that link them with the conflict's parties. Said negative effects may spread beyond the key partners as they have to pass along additional shortfalls to their neighbors in different forms. While these are not immediately apparent, some economic consequence is usually passed downstream to trading partners or to aid programs.