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The IMF said low-income countries were at particular risk of food insecurity, given higher food and fertiliser prices.

Iran war is dimming outlook for many economies, IMF says

‘All roads lead to higher prices and slower growth,’ economists say

“Inflation expectations do appear to be well anchored beyond the short term,” US Federal Reserve chair Jerome Powell said.

Powell says Fed positioned to ‘wait and see’ how war affects economy

Higher energy prices from Iran war may create hard choice for Fed

Trump’s comments come a day after he told reporters that Teheran agreed to “most of” the 15-point proposal of ceasefire terms put forth by the US via intermediaries in Pakistan.

Trump threatens Iran energy sites if no deal reached on war

This is Trump’s latest threat against Iran to allow shipping through the Hormuz Strait

An industrial building and a fuel tanker at Israel's Oil Refineries were hit by debris from an intercepted Iranian missile, in Haifa, Israel on Mar 30.

Iran remains defiant as Israeli forces batter Teheran

Meanwhile, the entrance of Yemen’s Houthis in the war raises the prospect that they could target and block the key Bab el-Mandeb Strait

South Korea has turned to its massive national pension fund – the world’s third largest – to raise its hedging ratio and protect the won.

Iran war forces Asian economies to confront sliding currencies and surging oil

The conflict’s impact on Asia presents the prospect of rising inflation and damaged growth

US President Trump told FT: “Maybe we take Kharg Island, maybe we don’t. We have a lot of options. It would also mean we had to be there (in Kharg Island) for a while.”

Donald Trump says US could ‘take the oil in Iran’

The US president is considering seizing strategic Kharg Island even as negotiations continue

After dominating the Chinese market for years, BYD has now ceded the top spot to Geely Automobile Holdings. 

BYD’s profit slump shows China’s EV downturn is far from over

Citigroup estimates that BYD’s car sales in China will turn unprofitable in the first quarter of this year

Houthi supporters taking part in a rally in solidarity with Iran in Sanaa, Yemen, on Mar 27. The Houthis carried out a second strike on Israel, with more to come, says a Houthi military spokesperson.

Risk of escalation grows as Houthis enter Iran war

Houthi attacks point to a potential new threat to global shipping

More than 3,200 events had been planned in all 50 states, after the two previous nationwide events attracted millions of participants.

Anti-Trump ‘No Kings’ rallies pop up in thousands of US cities

Two-thirds of the events were happening outside major cities

A view from inside a residential building damaged by a strike, amid the US-Israeli conflict with Iran, in Teheran, on Mar 27.

Trump extends Hormuz deadline but few signs of progress towards truce with Iran

Gulf countries hope Iranian threat will be neutralised long-term, sources say

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