Ceasefire relief: What the US-Iran truce means for oil, equities and currencies
A fragile US-Iran truce has sparked a sharp market relief rally, but six weeks of conflict damage means full recovery remains uncertain.
Africa counts losses as US-Iran war hits 5 key sectors across the continent
Disruptions to shipping through the Strait of Hormuz are beginning to ripple across African economies, threatening fertiliser supplies, industrial inputs and trade flows while increasing freight costs and financial pressure on several countries.
Trump warns he’ll ‘reign down hell’ on Iran within 48 hours unless Strait of Hormuz is opened and peace deal is made
“Remember when I gave Iran ten days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT. Time is running out – 48 hours before all Hell will reign down on them. Glory be to GOD!” Trump said in a Truth Social post Saturday.
Middle East conflict spells disaster for luxury goods maker LVMH
Shares in LVMH have had their worst start to a year on record, as the impact of war in the Middle East clouds the global economic outlook and intensifies demand headwinds for luxury goods.
IMF, World Bank, IEA coordinate to curb economic fallout of the Iran war
“The impact is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries,” according to a statement from the heads of the three institutions.
Trump marches up and down an Iranian hill and into a swamp
Announcing that Iran’s nuclear ambitions have been decisively thwarted and its missile programmes stilled, among other damage, Trump basically brushed off the global economic difficulties stemming from the closing of the Strait of Hormuz and gave a bit of a backhand to other Nato members who had declined to join his conflict of choice.
Zim fuel prices rise as global cost pressures mount
The Zimbabwe Energy Regulatory Authority (Zera) attributed the price adjustments to mounting global cost pressures, while underscoring that recent government interventions have prevented even sharper increases.
Iran will play World Cup games in US despite war, FIFA’s Infantino says
“The matches will be played where they are supposed to be, according to the draw,” the chief of football’s global governing body said on Tuesday.
Way out of Iran war for global economies is a ‘deep recession’: KPMG chief economist
“The only clear way out is a deep recession,” Swonk wrote, noting that it’s more likely for economies outside the US, but remains a risk for Americans.
Middle East war proved unable to slow Ghana’s economic momentum
Ghana’s economic progress persists despite the ongoing Middle East conflict, which has affected global energy markets and trade logistics, including those within the West African nation.