
U.S. officials warn that disruptions in Hormuz could set precedents for other key global shipping routes.
The United States is deploying military forces to guide ships and maintain freedom of navigation through the strait.
The escalating tensions follow Washington’s announcement of ‘Project Freedom’ to restore freedom of navigation in the strait.
The ECB said it stands ’ready to adjust all of our instruments’ to ensure that inflation stabilizes.
The bank warned the energy shock could push inflation higher and delay a return to its 2 percent inflation target.
The World Bank says that energy prices are expected to climb by 24 percent in 2026 amid the Iran war.
Jamie Dimon’s remarks come as Europe’s central banks balance inflation against slowing growth.
EU regulators said Meta’s safeguards against underage users may violate the Digital Services Act and could lead to major penalties.
Retailers said they also expected sales in May to disappoint relative to seasonal norms.
Crude prices advanced as traders priced in prolonged disruption risk tied to Strait of Hormuz.
U.S. officials warn that disruptions in Hormuz could set precedents for other key global shipping routes.
The United States is deploying military forces to guide ships and maintain freedom of navigation through the strait.
The escalating tensions follow Washington’s announcement of ‘Project Freedom’ to restore freedom of navigation in the strait.
The ECB said it stands ’ready to adjust all of our instruments’ to ensure that inflation stabilizes.
The bank warned the energy shock could push inflation higher and delay a return to its 2 percent inflation target.
The World Bank says that energy prices are expected to climb by 24 percent in 2026 amid the Iran war.
Jamie Dimon’s remarks come as Europe’s central banks balance inflation against slowing growth.
EU regulators said Meta’s safeguards against underage users may violate the Digital Services Act and could lead to major penalties.
Retailers said they also expected sales in May to disappoint relative to seasonal norms.
Crude prices advanced as traders priced in prolonged disruption risk tied to Strait of Hormuz.