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Economic shock of Middle East war to cast shadow over IMF, World Bank meetings

Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia s full-scale invasion of Ukraine in 2022. MORE..

12 Apr 2026 (6:13 PM)

Oil jumps 8% to above $100 ahead of US blockade on Strait of Hormuz

Global oil prices jumped above $100 a barrel on Monday as the U.S. Navy prepared a blockade of the Strait of Hormuz that could restrict Iranian oil shipments after the U.S. and Iran failed to reach a deal to end the war. MORE..

13 Apr 2026 (8:16 AM)

Trump says China would face a 50% tariff if it transfers weapons to Iran

US President Donald Trump warned that China would face a 50% tariff if it transfers weapons to Iran, but said he doubted Beijing would do so, despite US intelligence indicating it had such plans. MORE..

12 Apr 2026 (11:23 PM)

Resource : Ada Derana