War worsens Lebanon’s economic crisis with job losses, price gouging
Customers buy vegetables at a local market in the Sabra and Shatila Palestinian refugee camp in Beirut, May 6, 2026. (AP Photo/Bilal Hussein)
The U.S.-Israeli war with Iran, and the closure of the Strait of Hormuz, have sent economic shock waves across the Mideast.
In Lebanon, those woes have been compounded by the country’s existing economic problems and by largely unregulated markets that are vulnerable to price gouging.
“This continues to be a major economic shock, one of honestly an existential nature,” said Economy Minister Amer Bisat.
