War threatens to wreak havoc with the global economy, IMF warns – POLITICO
The same factors could push global inflation above 6 percent next year, it cautioned. Finance ministers and central…
IMF lowers growth outlook, warns of global recession if Iran oil shock is severe
The International Monetary Fund on Tuesday lowered its outlook for global economic growth this year and warned that…
US-Iran standoff deepens as blockade and talks loom
The standoff between the United States and Iran deepened Tuesday as the U.S. declared it had blockaded Iran’s…
UK rejects tolls on Strait of Hormuz – POLITICO
U.S. President Donald Trump on Tuesday said the United States would use Iran’s 10-point plan — which calls…
Italy’s Meloni travels to Middle East in bid to ensure access to oil and gas – POLITICO
In an interview with TG1, Meloni said she had chosen to travel to the Gulf “as a gesture…
Why Losing the Iran War May Be the Best Outcome for the Global Economy
As I will explain, the outcome that looks like losing may actually be the best path forward for…
Europe up for policing Hormuz — but only if the fighting stops – POLITICO
The virtual meeting came days after the U.S. president called for NATO countries to “take the lead” and…
Europe’s coming energy crunch – POLITICO
“Markets are now grappling with a scenario long discussed in theory but rarely thought of as a legitimate…
Trump hints he’d be willing to leave Iran without taking the Strait of Hormuz. Market watchers are skeptical.
A central question for the global economy came into stark relief Tuesday: Would President Trump really leave Iran…
Global economy takes gut punch from war in Iran, with nobody untouched the longer it goes on
U.S. and Israeli attacks on Iran have driven up prices, darkened the outlook for the world economy, sent…
BlackRock’s Larry Fink says oil could drop to $40 if the Iran war ends right — or stay near $150 for years
The Iran war has been ongoing for nearly four weeks with no clear end in sight and with…
Carney’s mega anti-Trump alliance starts quest to save world trade – POLITICO
Among other squabbles, the WTO, which operates by consensus, has seen its 166 members at odds over whether…