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The U.S. blockade of Iranian ports could accelerate the drawdown in global oil inventories, further tightening near-term supply and pushing back hopes of market normalization into mid-May, according to Société Générale.
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China's Export Growth Slowed Sharply in First Month of Iran War Bloomberg.comChina exports growth in March misses estimates, imports surge most in over four years CNBCChina's export engine stutters as Iran war chills global demand ReutersChina's Oil and Gas Imports Shrink on Persian Gulf Turmoil Bloomberg.com
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JPMorgan CEO Jamie Dimon called the economy resilient, but pointed to an "increasingly complex set of risks" across global markets.
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Middle East War Will Slow Global Economic Growth, I.M.F. Warns The New York TimesJoint Statement on 13 April by the Heads of the International Energy Agency, International Monetary Fund, and World Bank Group IEA - International Energy AgencyIran war escalation could trigger global recession, IMF warns The GuardianIMF says Iran war "halted" global economic momentum, expects hotter inflation Axios
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The Iran war has caused the biggest rise in global energy inflation in 25 years, according to calculations made by an economist tracking government data.
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The fund cut its 2026 growth estimate but says an unusual amount of uncertainty clouds the outlook.
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China's trade dispute with the U.S., Brexit, Italian fiscal troubles and a fall in German industrial production are all signs of the sweep of a brewing synchronized global slowdown.
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