Uploaded April 2026 | Updated September 2026, 3 weeks ago

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The conflict with Iran hurts American wallets, but it’s far more devastating for people in the global south. FP’s Ravi Agrawal explains how Washington’s unique advantages mean that its citizens have so far suffered less than most other people around the world.

Read the full analysis here: foreignpolicy.com/2026/04/20/trump-iran-war-energy-prices-stocks-ai-asia-africa