International Labour Organization warns of global economic impact from Middle East crisis

On May 18-19, 2026, the International Labour Organization (ILO) released a report highlighting the severe global consequences of the ongoing conflict in the Middle East. The organization warns that the crisis is negatively affecting employment rates, working conditions, and income levels across the globe. Key drivers of this instability include rising energy prices and significant disruptions within the global transport sector. Tensions regarding primary supply sources have further exacerbated economic pressures. Additionally, the report identifies a notable decline in tourism as a major factor hindering economic growth. Finally, the ILO noted that increased refugee flows are placing extra burdens on regional and international labor markets.