Obegi Capital Research

The Human Cost

Civilian casualties, displacement, infrastructure destruction, and food security
Casualties
50K-200K
Displaced
14.5M+
Food Insecure
25M
Children
12M

Note on Estimates

Civilian casualty and displacement estimates are derived from historical conflict data (Iraq 2003-2011, Syria 2011-present, Yemen 2015-present) scaled to population and conflict intensity. They are order-of-magnitude projections, not precise forecasts.[40] [43]

Displacement

OriginEstimated DisplacedPrimary Destination
Iran (internal)5,000,000Internal displacement: Tehran to rural, border to interior
Iraq3,000,000Internal + Jordan, Turkey, Kurdistan region
Iran (external)2,000,000Turkey, Iraq (Kurdistan), Pakistan, Afghanistan, Europe
Lebanon1,500,000Syria (reverse flow), Cyprus, Turkey, Europe
Yemen1,000,000Internal displacement, Djibouti, Oman
Syria (re-displaced)500,000Turkey (again), Lebanon (again), Europe
Turkey (internal)500,000Kurdish border regions to western Turkey
UAE/Gulf expats500,000Return to home countries (India, Pakistan, Philippines)
Jordan (transit)300,000Iraqi refugees transiting to Jordan
Pakistan (border)200,000Baluchistan to Punjab/Sindh
Total14,500,000

Infrastructure Destruction

Power & Water

Iran's power grid degraded by ~45% from strikes on generation and transmission infrastructure. Water treatment plants (~60% offline) cannot function without electricity. Urban populations face immediate water crisis.[43] [16]

Healthcare

~150 hospitals damaged or destroyed across Iran, Iraq, and Lebanon. Medical supply chains disrupted (70% reduction). Chronic disease patients (diabetes, cardiovascular, cancer) face treatment interruption. Humanitarian corridors contested.[42] [44]

Food Security

25 Million People Face Food Insecurity

The Middle East imports 50-80% of its food, paid for largely with oil revenue.[19] Under worst case, oil revenue disappears (can't export through blocked routes) while food import costs spike (oil-driven transportation and fertilizer costs). This creates a double squeeze: less money to buy food that costs more.[45]

Iran (88M people) imports 30% of its wheat and most of its rice. Iraq (43M) imports 40% of food needs. Yemen (33M), already the world's worst food crisis, faces outright famine. Lebanon (5.5M) depends almost entirely on food imports through a port system that may be damaged.[19]

Host Country Burden

Capacity Limits

  • Turkey: Already hosts 4M+ refugees (largest refugee population globally). Additional 2M+ from Iraq/Syria would exceed social tolerance. Anti-refugee sentiment already high.[15]
  • Jordan: 10% of population is already refugees. Economy cannot absorb another 300K+ without massive international aid. Water scarcity critical.[15]
  • Europe: 2015 refugee crisis (1.3M arrivals) reshaped European politics. A 5-10M wave would trigger border closures, far-right electoral surges, and EU institutional crisis.[40]

Sources

  1. UNHCR, 'Middle East Displacement Patterns and Projections', 2025
  2. WHO, 'Health System Resilience in Conflict Zones: Iran-Iraq Assessment', 2025
  3. FAO, 'Global Food Security and Oil Price Transmission', 2025
  4. UNHCR, 'Global Trends in Forced Displacement 2024', 2025
  5. Internal Displacement Monitoring Centre, 'Middle East Displacement Report 2025', 2025
  6. MSF, 'Healthcare Under Fire: Middle East Operations Report', 2025
  7. ICRC, 'Urban Warfare and Civilian Protection: Lessons from Recent Conflicts', 2024
  8. WHO, 'Health Emergency Dashboard: Iraq, Lebanon, Iran', March 2026
  9. WFP, 'Food Security Assessment: Middle East Crisis Response', 2025