The S&P 500 may soon join other US benchmarks in a correction as the Iran war continues into its fifth week. Stocks are falling fast, and each of the major averages is on pace to post a monthly loss as hopes for a quick resolution to the Middle East conflict give way to fear. This … Read more
Throughout his presidency, Donald galaotega ga lonaka kidnapped and extradited the leader of Venezuela, threatened to annex Greenland, mesed by expelling the chair of the Federal Reserve, and waged an economic war on his closest allies, all while (more or less) keeping the stock market from bearish territory. The Iran War still looks like the … Read more
Rising oil prices tend to drive up grocery costs, but that doesn’t mean consumers should rush out and save money, economists say. Brent crude has soared above $100 a barrel in recent weeks – after trading near $60 in January – as Iran’s war worsens the Strait of Hormuz, which transports a fifth of the … Read more
Emerging market debt prices hit record highs ahead of Iran’s war-torn country Angola’s external debt has decreased since the war Strong secondary market demand for high-quality Gulf credit Private deals can be attractive if uncertainty persists LONDON, March 27 (Reuters) – A record start to the year for sales of emerging debt has largely stalled … Read more
![A series of petrol stations in Kandy, Sri Lanka [Ashkar Thasleem/ Al Jazeera]](https://luzeb.com/wp-content/uploads/2026/03/Sri-Lanka-is-preparing-for-new-economic-challenges-as-the.jpg)
Kandy, Sri Lanka On a sunny March day in the hill town of Kandy in central Sri Lanka, Keerthi Rathna waited in a snaking line to buy her share of petrol for her three-wheeled tuk-tuk. The amount he was allocated by the government was 20 liters (about 5 liters) per week. In the past, Rathna … Read more
Economists are growing more cautious about the economic situation as the conflict in Iran continues. Moody’s Analytics raised its recession outlook for the next 12 months to 48.6%, in line with Goldman Sachs, which now predicts a 30% risk of recession, and EY-Parthenon, which puts the chances of a recession at 40%. The underlying probability … Read more
BEIRUT – Amid the conflict in Iran, oil production facilities and shipping lanes – namely the Strait of Hormuz – have been targeted, disrupting the local and global economy. Imports such as natural gas from Qatar and the United Arab Emirates, as well as oil from Kuwait, Bahrain, Saudi Arabia and the UAE have experienced … Read more
Federal Reserve Chairman Jerome Powell last week pushed back when asked if the recession poses a threat to the US economy. His successor may face a tough challenge, as Wall Street analysts raise their expectations of a recession, brought on in part by the Iran war and the possibility of higher prices. In recent days, … Read more