• The OECD has warned that a prolonged conflict in the Middle East could significantly slow global economic growth and increase uncertainty. • Key risks include the potential for a global recession and rising inflation if the war continues into next year. • Asian nations are expected to be the most severely impacted due to their heavy reliance on energy supplies from the Middle East.
m.economictimes.comOil prices and borrowing costs are expected to rise this week as tankers remain stranded in Persian gulfMiddle East crisis live – latest updatesThe failure of the US and Iran to reach a peace deal after marathon negotiations has put markets on alert for further oil and gas price rises.With large numbers of oil tankers remaining stuck in the Persian gulf, the US vice-president, JD Vance blamed the collapse of the talks on Tehran’s refusal to abandon its nuclear weapons programme, while Iranian sources hit back at “excessive” demands from Washington. Continue reading...
theguardian.comResearchers warn the high-pressure conditions could disrupt marine life and ecosystems if it continuesSign up for the Breaking News US email to get newsletter alerts in your inboxFor more than a century, shoreline stations operated by the Scripps Institution of Oceanography have measured water temperatures along the California coast. This year, they are flashing a warning sign.Over the last three months, several stations have repeatedly posted record-breaking daily high temperatures – with the La Jolla station registering temperatures a full 10F above historical average at one point last month. Continue reading...
theguardian.com• Energy stocks like Exxon Mobil, Occidental Petroleum, and Valero Energy topped S&P 500 performers for the month and quarter due to oil prices exceeding $100 per barrel. • Exxon Mobil recorded its largest quarterly gain, benefiting from sustained high crude demand. • Sector strength highlights vulnerability of broader market to geopolitical risks and inflation.
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Image: ABC News• President Trump is pressing Congress to cut short its two-week recess and return to fund the Department of Homeland Security, now over 40 days into the longest partial government shutdown in U.S. history. • White House press secretary Karoline Leavitt stated Trump offered to host a big Easter dinner if lawmakers return to fight Democrats on the issue. • The House passed a bill to fund DHS through May 22, but top Democrats called it 'dead on arrival' in the Senate; Senate partially funded DHS except ICE and border protection last Friday.
abcnews.comDonald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say expertsIn the days after the US and Israel first bombed Iran, financial markets bet the economic fallout from Donald Trump’s “little excursion” in the Middle East would be short-lived.“There are risks from higher oil prices longer term. But this is a tail risk,” one US-based fund manger said after the airstrike killing Iran’s supreme leader, Ayatollah Ali Khamenei. “History has shown time and time again that geopolitical flare-ups like this tend to be short-lived. This one should prove to be no exception.’’ Continue reading...
theguardian.comIran war and its impact on energy and fertiliser costs is the main risk to the global economy, report saysBusiness live – latest updatesAn extended period of high oil prices as a result of war in the Middle East could “crimp” the AI boom, the World Trade Organization’s chief economist has warned.The war and its impact on energy and fertiliser costs is the main risk to the global economy identified in the WTO’s latest Global Trade Outlook. Continue reading...
theguardian.comIsraeli defence minister says IDF instructed to destroy ‘terror infrastructure’ in southern villagesIsrael’s announcement on Monday of a ground campaign in new areas of southern Lebanon is fuelling fears of a prolonged occupation among hundreds of thousands of displaced Lebanese.Concerns intensified after Israel’s defence minister, Israel Katz, drawing comparisons with Gaza, warned displaced Lebanese forced from their homes would not be allowed to return until the safety of Israelis near the border was guaranteed, remarks that appeared to suggest the presence of Israeli troops could become prolonged. Continue reading...
theguardian.comPolls show declining American tolerance for the US-Iran war as it enters its third week on March 14, 2026, with thousands in Tehran celebrating Al-Quds Day amid ongoing hostilities. US public opinion has shifted due to the conflict's duration and economic fallout from high oil prices. Military leaders indicate no quick end, with continued US and Israeli airstrikes across Iran. This erosion of support could pressure policymakers amid deployments of additional forces to the region.
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