# global economy
Latest news and articles about global economy
Total: 3 articles found
Trump’s Mixed Messages on Iran: ‘Soon’ to End but ‘Press On’ as Oil Soars and Markets Brace
President Trump issued contradictory statements this week about U.S. military operations against Iran, alternating between suggesting the conflict could end soon and hinting at further action. The inconsistency unsettled markets, sent crude prices surging and falling, intensified domestic political pressure ahead of midterm elections, and left Tehran vowing that any ceasefire would be decided by Iran alone.
Guterres Urges Immediate Halt to Middle East Fighting and Rapid Shift to Diplomacy
UN Secretary‑General António Guterres called on 6 March for an immediate halt to fighting in the Middle East and rapid commencement of serious diplomatic talks, warning that unlawful attacks are causing immense civilian suffering and threatening the global economy. His statement highlights urgent humanitarian and economic risks and the diplomatic challenge of translating international alarm into effective mediation.
Hormuz on Edge: How a Narrow Waterway Can Shake the Global Economy
The Strait of Hormuz, a narrow but vital maritime corridor, carries a sizeable share of seaborne oil and key energy cargos. Any effective closure would trigger immediate price spikes, higher shipping costs and geopolitical confrontation, while prompting longer-term shifts in energy routes and security arrangements.