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Middle East war damage could hit $58 billion as repair delays ripple worldwide

Economy
Published on 24 April 2026
Middle East war damage could hit $58 billion as repair delays ripple worldwide

Damage estimate doubled in three weeks before the ceasefire

A new Rystad estimate suggests damage to Middle East energy assets may cost up to $58 billion, with the figure doubling in just three weeks. Widespread damage occurred before an April 8 ceasefire, and repairs are expected to reroute existing capacity—slowing projects and pushing global inflation beyond the region.

  • Rystad estimates Middle East energy asset damage up to $58 billion
  • The estimate doubled in three weeks ahead of the April 8 ceasefire
  • Repairs will redirect capacity, delaying energy projects
  • Global inflation risks extend beyond the region
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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