IMF cuts global growth forecast during Hormuz blockade
Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.
IMF cuts global growth forecast during Hormuz blockade
Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs. Grouped from 2 articles across 2 sources.
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IMF warns of inflation surge, growth slump if Strait of Hormuz remains shut
The International Monetary Fund paints three economic outlook scenarios that each get progressively worse depending on how long Middle East energy supplies are disrupted.
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Global food crisis warning, accusations of Hormuz piracy as blockade begins
The fragile truce in the Middle East and the stand-off in the Strait of Hormuz could have dire consequences for the rest of the world. Matthew Doran has your daily update on the latest in the Middle East.
ABC Australia
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Iran war live: Trump hints at talks; US blockade in Hormuz enters 2nd day
US president says second round of talks could be held in Pakistan as blockade of Iranian ports enters a second day. Grouped from 19 articles across 10 sources.
Al Jazeera, BBC News, CBS News +7
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Strait of Hormuz tankers stop or turn around amid US blockade
US military says no ships pass through its operation to seal off Iranian ports in first 24 hours Grouped from 21 articles across 9 sources.
Al Jazeera, BBC News, CNBC +6
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Iran war escalation could trigger global recession, IMF warns
Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7 Reeves arrives at IMF with little leeway to prove its UK downgrade wrong A further escalation in the Iran war could trigger a… Grouped from 5 articles across 3 sources.
DW, The Globe and Mail, The Guardian
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U.S. Hormuz blockade hits India just as Russian oil purchase waiver expires, deepening energy worries
U.S. moves to blockade Iran, and let a Russian oil waiver lapse, squeeze India’s energy supplies, exposing its vulnerability under rising U.S. pressure.
CNBC
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Global recession is inevitable if Strait of Hormuz stays shut, says Citadel's Ken Griffin
A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.
CNBC