US-Iran war to pull global economy to post-COVID low: World Bank
Global growth forecast cut to 2.5 percent due to surging energy prices, inflation and borrowing costs.
The conflict is about to reach its 100th day, with peace negotiations hanging in the balance.
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Global growth forecast cut to 2.5 percent due to surging energy prices, inflation and borrowing costs.
GDP hit by higher energy prices caused by Middle East conflict, after 0.3% rise in March The UK economy contracted by 0.1% in April as the Iran war began to take its toll on growth, official figures show. As energy…
Houthis' 'complete and total ban' on Israeli ships in the area makes them 'legitimate' targets
After President Trump announced that U.S. strikes on Iran would be canceled due to a deal to end the war being signed in the next few days, Iranian state media responded that the reports of a deal are "speculative and…
Cairo faces criticism from its Gulf allies that support against Iran has been lacking. But Egypt's priority is to shield its fragile economy from the fallout of a widening conflict.
US president says American forces will also seize control of key export hub Kharg Island