News
IMF warns prolonged Israeli-US war could worsen global growth outlook
2+ hour ago (106+ words) Middle East Eye IMF warns prolonged Israeli-US war could worsen global growth outlook The International Monetary Fund says its earlier projections for the economic impact of the war involving Iran no longer hold, as risks to global growth and prices…...
The longer the Iran war goes on, the greater the impact on inflation, the US central bank warns
1+ day, 3+ hour ago (207+ words) Neel Kashkari has warned that a prolonged war involving Iran could fuel inflation and damage the US economy, limiting the Federal Reserve's ability to guide interest rate policy. Speaking on CBS's "Face the Nation, Kashkari said he is closely watching…...
Iran's rial drops to record low
5+ day, 11+ hour ago (172+ words) Iran's currency dropped to a record low of 1, 810, 000 rials to the US dollar on Wednesday, the'Iranian Student News Agency (Isna) said. The rial has seen its value fall by nearly 15 percent in the last two days according to Isna, after…...
Iran rial hits record low against dollar amid US blockade
5+ day, 13+ hour ago (105+ words) Middle East Eye Iran rial hits record low against dollar amid US blockade The Iranian rial plummeted to a record low against the dollar on Wednesday, according to currency-tracking websites, as a US naval blockade of the country's ports continued....
IMF chief: Rapid economic recovery possible if war ends soon
2+ week, 6+ day ago (141+ words) Middle East Eye IMF chief: Rapid economic recovery possible if war ends soon The global economy can still recover rapidly from the Iran war shock if the conflict ends in the next few weeks, but the situation will worsen if…...
German business confidence drops as Israeli-US war continues to rattle markets
1+ mon, 1+ week ago (79+ words) Middle East Eye German business confidence drops as Israeli-US war continues to rattle markets German business morale has fallen in March as the Israeli-US war on Iran fuels volatility in energy and financial markets, a new survey shows. The Ifo…...
Portugal cuts growth forecast as Israeli-US war drives energy prices higher
1+ mon, 1+ week ago (132+ words) Middle East Eye Portugal cuts growth forecast as Israeli-US war drives energy prices higher Portugal's central bank has sharply lowered its 2026 growth forecast, warning that the war in Iran and recent storm damage will weigh on economic activity. The Bank…...
Iran raises minimum wage by more than 60 percent
1+ mon, 2+ week ago (117+ words) Middle East Eye Iran raises minimum wage by more than 60 percent Iran has announced a sharp increase in the national minimum wage as the country grapples with inflation and economic strain. Local media reported that Labour Minister Ahmad Meydari confirmed…...
US stocks fall as oil prices climb amid war on Iran
1+ mon, 4+ week ago (111+ words) Middle East Eye US stocks fall as oil prices climb amid war on Iran US stock markets fell sharply as oil prices surged following the Israeli-US war on Iran. The Dow Jones Industrial Average dropped 1, 052 points, or 2. 2 percent, while the…...
European gas prices soar as Iran strikes close Saudi and Qatari oil and LNG sites
2+ mon, 2+ day ago (542+ words) Iran, responding to US and Israeli'attacks launched on Saturday morning, has disrupted energy infrastructure across the Middle East. Saudi Arabia's state-owned oil and gas company, Saudi Aramco, shut as a precautionary measure its Ras Tanura refinery on Monday after drone…...