The International Monetary Fund and World Bank are historically beacons of free trade, capitalism and financial market wisdom. But at their spring meetings, the emerging theme has a contrarian vibe: Investors are underestimating the economic damage from the Iran war.
The International Monetary Fund and World Bank are historically beacons of free trade, capitalism and financial market wisdom. But at their spring meetings, the emerging theme has a contrarian vibe: Investors are underestimating the economic damage from the Iran war.
The International Monetary Fund and World Bank are historically beacons of free trade, capitalism and financial market wisdom. But at their spring meetings, the emerging theme has a contrarian vibe: Investors are underestimating the economic damage from the Iran war.
The International Monetary Fund and World Bank are historically beacons of free trade, capitalism and financial market wisdom. But at their spring meetings, the emerging theme has a contrarian vibe: Investors are underestimating the economic damage from the Iran war.
The International Monetary Fund and World Bank are historically beacons of free trade, capitalism and financial market wisdom. But at their spring meetings, the emerging theme has a contrarian vibe: Investors are underestimating the economic damage from the Iran war.
The International Monetary Fund and World Bank are historically beacons of free trade, capitalism and financial market wisdom. But at their spring meetings, the emerging theme has a contrarian vibe: Investors are underestimating the economic damage from the Iran war.
The International Monetary Fund is poised to cut its forecasts for global growth as a result of the war in Iran, and sees danger in a world economy that’s ill-equipped to respond to shocks, the Fund’s chief said in an interview Tuesday.
The International Monetary Fund is poised to cut its forecasts for global growth as a result of the war in Iran, and sees danger in a world economy that’s ill-equipped to respond to shocks, the Fund’s chief said in an interview Tuesday.
Trump’s plans were significantly scaled back after markets plunged, reflecting inflationary and growth threats from import taxes
US President Donald Trump holds a reciprocal tariffs poster during a tariff announcement in the Rose Garden of the White House in Washington, DC, US, on Wednesday, April 2, 2025. Trump plans to roll out tariffs on global trading partners, the centerpiece of his effort to bring back manufacturing to the US and reshape a world trade system he has long decried as unfair. Photographer: Kent Nishimura/Bloomberg
Four in 10 US counties shrank last year as President Donald Trump’s immigration crackdown continued to stifle the nation’s main source of population growth.
Four in 10 US counties shrank last year as President Donald Trump’s immigration crackdown continued to stifle the nation’s main source of population growth.
People stand in front of a US flag on a screen in Times Square in New York. Photographer: Ludovic Marin/AFP/Getty Images
Four in 10 US counties shrank last year as President Donald Trump’s immigration crackdown continued to stifle the nation’s main source of population growth.
Four in 10 US counties shrank last year as President Donald Trump’s immigration crackdown continued to stifle the nation’s main source of population growth.
People stand in front of a US flag on a screen in Times Square in New York. Photographer: Ludovic Marin/AFP/Getty Images
With a Monday deadline to reopen the key waterway, Iran was showing no signs of capitulating
US President Donald Trump speaks during the Commander in Chiefs trophy presentation in the East Room of the White House in Washington, DC, US, on Friday, March 20, 2026. Trump again lashed out at military allies for not joining the war on Iran or helping to unblock the Strait of Hormuz, expressing frustration as the Islamic Republic kept up attacks on Gulf energy assets. Photographer: Stefani Reynolds/Bloomberg
The US president is layering the joint economic and political shock of his war on top of that of his tariffs.
The MSC Emma container ship on the dockside at the Port of Felixstowe in Felixstowe, UK, on Thursday, Nov. 20, 2025. Inflation will be higher in the UK than any other major advanced economy both this year and next, surpassing the US despite the impact of tariffs, according to the International Monetary Fund. Photographer: Chris Ratcliffe/Bloomberg
Governments around the world don’t have the fiscal capacity needed to respond to any economic downturn caused by an oil shock fueled by prolonged war in Iran, the IMF’s former top deputy and chief economist warned Tuesday.
Governments around the world don’t have the fiscal capacity needed to respond to any economic downturn caused by an oil shock fueled by prolonged war in Iran, the IMF’s former top deputy and chief economist warned Tuesday.
Tehran's skyline covered with clouds and smoke after overnight strike on the Tehran Oil Refinery on March 8.
From fertilizer to aluminum, global goods trade over land, sea, rail and air flows through the Gulf region
Prices of unleaded gasoline and diesel fuel displayed at a Exxon station in Northvale, New Jersey, US, on Thursday, March 5, 2026. Oil headed for the biggest weekly surge since 2022 as the war in the Middle East unleashed a wave of disruption across energy markets, with producers, importers and shippers struggling to deal with the fall-out. Photographer: Kena Betancur/Bloomberg
Washington’s one-two punch capturing Venezuela’s leader and then killing Iran’s in coordination with Israel has put Beijing on the back foot, according to former US officials who have helped craft China policy.
Washington’s one-two punch capturing Venezuela’s leader and then killing Iran’s in coordination with Israel has put Beijing on the back foot, according to former US officials who have helped craft China policy.
Fu Cong, China’s permanent representative to the United Nations, during a UN Security Council meeting in New York, on Feb. 28.
President Donald Trump’s war against Iran risks delivering another shock to an economy that voters are already disenchanted with, just eight months out from mid-term elections.
President Donald Trump’s war against Iran risks delivering another shock to an economy that voters are already disenchanted with, just eight months out from mid-term elections.
Smoke rises after an explosion in Tehran on March 2.
President Donald Trump’s war against Iran risks delivering another shock to an economy that voters are already disenchanted with, just eight months out from mid-term elections.
President Donald Trump’s war against Iran risks delivering another shock to an economy that voters are already disenchanted with, just eight months out from mid-term elections.
Smoke rises after an explosion in Tehran on March 2.
Economic arm-twisting with tools like tariffs showed its limitations
US President Donald Trump walks on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Sunday, March 1, 2026. Trump said the bombing campaign against Iran will continue until its objectives are achieved, calling on the nation’s leaders to capitulate as a report indicated at least one top official in Tehran sought to resume nuclear talks with the US. Photographer: Aaron Schwartz/CNP/Bloomberg
After the Supreme Court invalidated tariffs that the US had imposed using an emergency powers statute, the Trump administration swiftly invoked a different law, Section 122 of the Trade Act of 1974, to set a flat 10% levy on imports. President Donald Trump later said he would boost the import tax to 15%.
After the Supreme Court invalidated tariffs that the US had imposed using an emergency powers statute, the Trump administration swiftly invoked a different law, Section 122 of the Trade Act of 1974, to set a flat 10% levy on imports. President Donald Trump later said he would boost the import tax to 15%.
Container ships at the Port of Long Beach in California.