Middle East Crisis Threatens 2026 Global Growth as IMF Cuts Forecast
IMF cuts 2026 global growth forecast to 3.1% as Middle East tensions disrupt energy markets and trade flows through Strait of Hormuz.
News & Insights Across Asia
IMF cuts 2026 global growth forecast to 3.1% as Middle East tensions disrupt energy markets and trade flows through Strait of Hormuz.
Over 3 million displaced in Iran as US-Israel-Iran conflict enters second month. UNHCR warns of worsening humanitarian crisis with civilians fleeing airstrikes in pajamas.
Australian PM Anthony Albanese urges citizens to conserve fuel via public transport as Middle East tensions impact global oil supplies. Government works to stabilize prices.
Business leaders at Boao Forum 2026 outline adaptive strategies for supply chain security and crisis management amid Middle East tensions.
A CGTN poll reveals over 90% of respondents believe US military strikes in Iran are accelerating the decline of American hegemony, amid rising humanitarian and economic costs.
Chinese FM Wang Yi warns Middle East instability threatens global energy supply stability and exacerbates humanitarian crises, urging international cooperation.
Japan’s oil-dependent economy faces strain as Middle East conflicts drive energy costs higher, with experts warning of summer price pressures.
Japan’s tax cut policy faces criticism for widening wealth gaps as Middle East tensions drive energy costs higher, complicating economic recovery efforts.
China’s UN envoy urges immediate ceasefire in the Middle East, warning of regional destabilization and global economic impacts.
China announces emergency humanitarian assistance to Iran, Jordan, Lebanon, and Iraq to address regional crises, reinforcing its role in global humanitarian efforts.
Ethiopia’s PM urges fuel conservation as Middle East tensions disrupt global oil supplies, prioritizing critical services amid shortages.
US military operations against Iran cost taxpayers $891 million daily, with $3.5 billion in unbudgeted expenses, risking long-term economic impacts, per CSIS analysis.
Oman renews calls for an immediate ceasefire in the escalating Iran-US-Israel conflict, emphasizing diplomatic solutions to prevent regional instability.
Israel enforces ban on 37 NGOs in Gaza, drawing UN warnings of humanitarian crisis escalation as winter strains aid efforts.
Local authorities in Gaza report 46,565 Palestinians killed and over 109,660 injured since October 7, 2023, amid ongoing Israeli strikes, sparking a severe humanitarian crisis.
Local authorities report that 46,565 Palestinians have been killed and 109,660 injured in Gaza due to Israeli strikes since October 7, 2023.
Local authorities report that 44,532 Palestinians have been killed in Israeli strikes in Gaza since October 7, 2023, highlighting the severe humanitarian crisis and escalating conflict in the region.
Local authorities report that 42,500 Palestinians have been killed in Gaza since October 7 due to Israeli strikes, highlighting the severe impact of the ongoing conflict.
Israeli forces have intensified their offensive in northern Gaza, with tanks reaching Gaza City’s outskirts and air strikes causing significant civilian casualties. Concerns over a humanitarian crisis are escalating.
The UN Security Council held an emergency session after Israeli forces attacked UN peacekeepers in Lebanon, injuring two. UN officials warn the region is on the brink of an all-out war.