
IEA, IMF and World Bank form Joint Crisis Group over Middle East War
Global institutions move to contain energy and economic shock

Global institutions move to contain energy and economic shock

Russia says it is ready to help African countries calculate reparations claims against Western nations for colonial-era crimes and historical injustices.

Lufthansa CEO Carsten Spohr says the Iran war could reduce the dominance of Gulf carriers like Emirates and Qatar Airways on key Asian routes.

French President Emmanuel Macron calls on Iran to end regional attacks and restore freedom of navigation in the Strait of Hormuz.

Four U.S. service members were killed after a KC-135 refueling aircraft crashed in western Iraq as the Israel–Iran conflict approaches its second week.

The International Energy Agency warns the Strait of Hormuz disruption has triggered the largest oil supply shock in history, with global flows sharply reduced.

Fitch Ratings forecasts global economic growth of 2.6% in 2026, warning that prolonged oil price shocks could slow the world economy and raise inflation.

Iran’s new Supreme Leader Mojtaba Khamenei vows to keep the Strait of Hormuz closed and target U.S. bases as attacks on oil tankers escalate, disrupting global energy supplies.

The International Energy Agency will release 400 million barrels of oil from strategic reserves to stabilize global energy markets disrupted by the Iran war.

Iranian drones strike oil storage facilities at Oman’s Port of Salalah, raising concerns over regional energy security and escalating tensions in the Middle East conflict.

Iran’s leadership transition comes as regional conflict deepens

Global push for rights, action and equality for women

A fresh strike in Gaza has heightened fears of renewed escalation as ceasefire talks falter and humanitarian pressure mounts.

Dangote Refinery will supply over 65 million litres of petrol daily to Nigeria’s domestic market and export up to 20 million litres surplus, boosting fuel self-sufficiency.

On the Ukraine war anniversary, President Volodymyr Zelenskiy called for stronger EU support, tougher sanctions on Russia, and accelerated steps toward EU membership.

African leaders establish new structure to accelerate implementation of continent-wide trade agreement.

Officials caution travellers planning World Cup trips that overstays could lead to visa bans or future denials.