The OECD’s June 2026 Economic Outlook cut its world GDP growth forecast to 2.8% and warned that a prolonged Strait of Hormuz blockage could reduce output to 2.1% while pushing global inflation above 4%.
Tag: Iran
Posted inGeopolitics
Iran ceasefire on massive life support as Hormuz-first demand stalls the one-page deal
Six weeks after a Pakistan-brokered truce halted US-Iran hostilities, both sides remain deadlocked over sequencing in a 14-point memorandum that would reopen the Strait of Hormuz and defer nuclear talks.
Posted inMarkets
US 10-year yield hits one-year high as Iran deal hopes whipsaw oil markets
The US 10-year yield hit a one-year high on May 18 as Trump’s Iran strike delay briefly pushed Brent crude below $107 before the conflict premium reasserted.
Posted inGeopolitics
Trump delays Iran strike after Gulf leaders intervene, citing imminent deal
Trump called off a scheduled Iran strike on May 18 after three Gulf leaders asked him to hold off, saying the parties are very close to a deal.
Posted inWorld
Drone strikes Barakah nuclear plant perimeter in first Gulf reactor attack
A drone breached UAE air defenses on May 17 to strike Barakah nuclear plant’s outer perimeter, causing no radiation leak but prompting IAEA alarm.
Posted inMarkets
Oil spikes to $109 and Wall Street falls as Trump rejects Iran peace deal
Brent crude surged to $109 a barrel on Friday and the S&P 500 fell 0.88 percent as Trump rejected a proposed framework to ease tensions with Iran.
Posted inGeopolitics
Trump leaves Beijing with Boeing deal, vague Iran pledge, and Xi state visit
Two days of talks in Beijing ended Friday with China’s pledge to pressure Iran, a 200-jet Boeing order, and an autumn invitation for Xi to visit Washington.
Posted inGeopolitics
Senate blocks Iran war powers limit by one vote as GOP cracks widen
Three Republicans broke ranks, but a single Democratic defection held Trump’s Iran war powers intact in the Senate’s closest vote yet, 50–49.
Posted inEconomy
Two shocks are reshaping the global energy economy at once
The UAE’s departure from OPEC on May 1 and the Iran war’s disruption of Hormuz shipping have arrived simultaneously, creating a price environment where geopolitical supply threats are pushing one direction and Gulf overproduction capacity is pushing another.
Posted inGeopolitics
The Strait of Hormuz becomes the war’s most dangerous front
Three months into US-Israel military operations against Iran, the narrow passage through which roughly 20 percent of the world’s traded oil travels has become a pressure point that neither side can afford to close — but neither has shown it can keep fully open.