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.
FIFA raises top ticket price for World Cup final to $10,990
FIFA raised its top ticket price for the World Cup final to $10,990 during the glitch-hampered reopening of sales Wednesday after the 48-team field for this year’s tournament was finalized.
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.
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.
Hopes dim for swift end to Iran war after Trump speech, oil prices surge anew
Stocks slid and the dollar gained after Trump said military operations would be intensified without offering the timeline that investors had sought for ending hostilities against Iran.
‘Petrol price relief through fuel levy cuts a bad idea’
…such a proposal is unrealistic as it would significantly impact the government’s revenue, its primary surplus, and plans to stabilise debt.