Explore

Reuters Reuters
IMF cuts growth outlook, warns of potential global recession if Iran war worsens

IMF cuts growth outlook, warns of potential global recession if Iran war worsens

By David Lawder WASHINGTON, April 14 (Reuters) - The International Monetary Fund cut its growth outlook on Tuesday due to Iran war-driven energy price spikes and supply disruptions and warned that the global economy would teeter on the brink of recession if the conflict worsens and oil stays above $
Reuters Reuters
Iran war weighs on global economy as IMF meeting starts

Iran war weighs on global economy as IMF meeting starts

By Mark John LONDON, April 13 (Reuters) - Alarm over the impact of the Iran war on the global economy grew on Monday with more countries announcing emergency support measures to combat rising energy costs, while others appealed for international support.
Reuters Reuters
IMF cuts growth forecasts for Germany as Iran war pushes up inflation

IMF cuts growth forecasts for Germany as Iran war pushes up inflation

By Maria Martinez BERLIN, April 14 (Reuters) - The International Monetary Fund cut Germany's growth forecasts for this year and next on Tuesday, in its largest downgrade among big euro zone economies, and raised its inflation projections as the Iran war drives up oil and gas prices.
AP News AP News
Citing fallout from the Iran war, IMF cuts the outlook for global growth, expects higher inflation

Citing fallout from the Iran war, IMF cuts the outlook for global growth, expects higher inflation

The Iran war has stalled the world’s economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday
Reuters Reuters
Long Iran war may require painful central bank tightening, IMF chief economist says

Long Iran war may require painful central bank tightening, IMF chief economist says

By David Lawder WASHINGTON, April 14 (Reuters) - Central banks may need to inflict much more economic pain to control inflation fueled by a long Middle East war than they did to control the spike in prices after the pandemic, the International Monetary Fund's chief economist said.
Reuters Reuters
IMF slashes growth forecast for Middle East as Gulf exporters reel from impact of war

IMF slashes growth forecast for Middle East as Gulf exporters reel from impact of war

DUBAI, April 14 (Reuters) - The Middle East and North Africa region is expected to have a sharply slower growth this year as oil-exporting countries grapple with the fallout from the Iran war, the International Monetary Fund said on Tuesday.
Reuters Reuters
Euro zone faces big growth hit even if Iran war quickly resolved, IMF says

Euro zone faces big growth hit even if Iran war quickly resolved, IMF says

WASHINGTON, April 14 (Reuters) - Euro zone growth will slow this year and inflation surge, forcing the European Central Bank to lift interest rates, even if the economic disruptions caused by the Iran war fade by mid-year, the International Monetary Fund said on Tuesday.
Reuters Reuters
US truckers' diesel spend hits record high on Middle East conflict

US truckers' diesel spend hits record high on Middle East conflict

By Nicole Jao and Lisa Baertlein NEW YORK/LOS ANGELES, April 14 (Reuters) - The more than 3 million U.S. truckers who move goods for everything from grocery stores to factories to construction sites are grappling with the highest diesel prices in years, compounding pressure on the industry as Iran
Reuters Reuters
Economic shock of Middle East war to cast shadow over IMF, World Bank meetings

Economic shock of Middle East war to cast shadow over IMF, World Bank meetings

By Andrea Shalal WASHINGTON, April 12 (Reuters) - Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia's full-scale invasion
AP News AP News
The Latest: Trump directs US Navy to blockade the Strait of Hormuz

The Latest: Trump directs US Navy to blockade the Strait of Hormuz

U.S. President Donald Trump says the U.S. Navy will “immediately” begin a blockade to stop ships from entering or leaving the Strait of Hormuz, after U.S.-Iran peace talks in Pakistan ended without an agreement
Reuters Reuters
From Boston to Denver, US drivers cut back as Iran war pushes fuel costs higher

From Boston to Denver, US drivers cut back as Iran war pushes fuel costs higher

By Shariq Khan, Georgina McCartney and Tim McLaughlin NEW YORK, April 11 (Reuters) - Boston resident Pat Ouedraogo has cut longer-distance trips, while aspiring law student Skyler Burke drives extra miles to avoid pricier gasoline pumps closer to home.
Rapid Read Rapid Read
Ukraine's Drone Technology Praised for Potential Role in Strait of Hormuz Security

Ukraine's Drone Technology Praised for Potential Role in Strait of Hormuz Security

Ukraine has been recognized for its advanced drone technology, which could play a significant role in international efforts to secure the Strait of Hormuz. Britain's armed services minister highlighted Ukraine's capabilities during a visit to Kyiv, noting that the country's technology, developed during its ongoing conflict with Russia, is among the best in the world. This comes as Britain organizes discussions with over 30 nations to address the Iranian blockade that has disrupted oil supplies following U.S. and Israeli military actions against Iran. Ukraine has already deployed over 200 experts to the Middle East, where they have successfully countered Iran's Shahed drones.