Myanmar's farmers are facing financial disaster as war in the Middle East chokes off essential supplies of fuel and chemical fertilizer.

May 29 (Reuters) - The heads of ⁠the ⁠International Energy Agency, ⁠International Monetary Fund, World Bank and World ​Trade Organization warned on Friday that the war in ‌the Middle East was straining ‌global energy supplies and hitting vulnerable economies ⁠hardest.

Iran’s Supreme Leader Mojtaba Khamenei said US military bases in the Middle East will no longer be safe after the war, declaring victory and a new regional order even as talks to end the conflict continued.

Family businesses are the backbone of the Middle East economy, commanding a scale that few regions can match as they account for an estimated 80 per cent of all private sector companies

Farmers have had to adjust to rising prices and shipping disruptions from the Strait of Hormuz’ closure, on top of existing economic strains like tariffs.

Israel intensified strikes on Lebanon Wednesday, with Beirut's health ministry reporting nine people, including two children, killed in attacks targeting cars between the capital and the coastal city of Sidon despite a ceasefire between Israel and Hezbollah.

U.S. bombing campaign against Iran has rocked the entire Middle East, wreaking damage to infrastructure and economies and overturning settled assumptions about regional security.

From Iran to Gaza, Eid al-Adha celebrations were muted as war dragged on and shortages of food and fuel roiled the region.

It’s not clear whether Ankara is posing as a neutral power or seeking to portray itself as similar to most European and NATO powers that also remained outside the war.