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Asian stock markets experienced a significant surge on Tuesday, while oil prices declined, as renewed hopes for ceasefire talks between the United States and Iran brought relief to global markets. US President Donald Trump announced that Iranian officials had reached out to his administration, expressing their openness to a deal.The positive turn for markets came after Trump's remarks at the White House, where he stated, 'We've been called by the other side, and they would like to make a deal very badly.' This development led to gains in major Asian markets, including Japan's Nikkei 225, which rose as much as 2.5 percent, and South Korea's KOSPI, which gained about 3.7 percent. Singapore's Straits Times Index also climbed about 0.6 percent, while Hong Kong's Hang Seng Index was up about 0.4 percent in the early afternoon, and the SSE Composite Index in Shanghai was about 0.5 percent higher.The rally in Asia followed gains on Wall Street, with the benchmark S&P; 500 finishing up 1 percent overnight. Meanwhile, Brent crude, the benchmark for global oil prices, dipped nearly 1.5 percent, falling below $98 a barrel. This decline in oil prices occurred despite the US imposing a naval blockade on Iranian ports, a move that analysts warn could exacerbate the energy shortage affecting the global economy.Iran has effectively halted shipping through the Strait of Hormuz since the start of the conflict on February 28, significantly impacting the global energy market. Only 21 vessels transited the strait on Sunday, compared to roughly 130 daily transits before the conflict began, according to maritime intelligence provider Windward.

The ongoing conflict in Sudan has led to a staggering number of births, with 5.6 million children born since the start of the war in April 2023. This translates to 5,000 children a day being born in a country where millions are struggling to survive on just one meal a day.Save the Children has warned that these children are born in overcrowded shelters, under-equipped or damaged health facilities, or while their families are on the move. The charity's country director for Sudan, Mohamed Abdiladif, emphasized that children have a right to receive care and protection, even in conflict.The conflict, which began on April 15, 2023, has killed tens of thousands of people, displaced 12 million, and spawned the world's worst humanitarian crisis, according to the United Nations. Both sides have been accused of war crimes and crimes against humanity, while the RSF has been implicated in atrocities in the vast Darfur region.The healthcare system in Sudan has been pushed to the edge, with widespread violence and attacks on civilian infrastructure straining the country's already fragile healthcare system. The rate of maternal deaths during childbirth has increased by more than 12 percent, from 263 maternal deaths per 100,000 live births in 2022 to 295 per 100,000 in 2025.Save the Children has called for all parties involved in the conflict to ensure the protection of civilians and allow access to reach families in urgent need of assistance.

The International Monetary Fund has announced that the United Kingdom will grow 0.5 percentage points slower this year than it forecast in January, marking the steepest downgrade among the G7 economies. Against the backdrop of the escalating Iran war, the IMF warned that inflation is climbing toward 4% and that unemployment could hit its highest level in more than ten years, underscoring the widening economic strain on Britain. Labour Chancellor Rachel Reeves is set to attend the IMF and World Bank spring meetings in Washington, where she must navigate both the geopolitical fallout of a conflict not of the UK's making and a domestic fiscal squeeze. Even before the war, the UK entered the year with tepid growth, hampered by lingering tax uncertainties and a cost‑of‑living crisis that left households facing the highest inflation rates in the G7. IMF economic counsellor Pierre‑Olivier Gourinchas highlighted that the country's weak outlook is partly a “shadow effect” of its already sluggish growth, compounded by the war’s impact on global energy supplies—the biggest shock since the 1970s. The United Kingdom’s energy mix remains heavily dependent on gas, much of which is now imported at sharply higher market prices. As Gourinchas explained, higher gas costs are being passed through to wholesale energy prices, even though temporary household protections are in place. Reeves has signalled that her immediate priority at the IMF will be to advocate for de‑escalation of the Iran conflict. At the same time, she must contend with a public‑finance situation characterized by elevated debt and rising borrowing costs, limiting the government’s capacity to respond. Given the pressure on consumers and Labour’s lagging poll numbers ahead of the May local elections, the IMF expects the UK to roll out targeted emergency financial support in the short term. Looking further ahead, the fund urges Britain to insulate itself from future energy shocks by accelerating investment in renewable sources and fostering sustainable economic growth.

The International Monetary Fund (IMF) has issued a stark warning that a further escalation in the Iran war could lead to a global recession, spiralling inflation, and a sharp backlash in financial markets. The Washington-based fund cited the economic damage from the Middle East conflict as steadily rising, prompting it to cut its growth forecasts for 2026.In its half-yearly update, the IMF predicted that the UK would suffer the sharpest growth downgrade and joint highest inflation rate in the G7 this year. Even if the fallout from soaring energy costs can be contained by the middle of 2026, the fund warned of a close call for a global recession under a worst-case 'severe scenario'.This severe scenario, involving a drawn-out war and persistently higher energy prices, would see the world face a global recession for only the fifth time since 1980. Oil prices jumped back above $100 (£74) a barrel on Monday amid choppy trading in global markets. The IMF's chief economist, Pierre-Olivier Gourinchas, noted that despite a temporary ceasefire, some damage is already done, and downside risks remain elevated.The IMF set out three possible scenarios for the war in its World Economic Outlook (WEO), including a central 'reference forecast' based on the assumption that disruption to the world economy from the war fades by mid-2026. This forecast predicts global growth would fall from 3.4% last year to 3.1% in 2026, a downgrade of 0.1 percentage points.Under the adverse scenario, with the global oil price remaining at $100 this year before falling back to $75 in 2027, growth would fall to 2.5% this year, and inflation would rise to 5.4%. In the severe scenario, with a lengthier, intensive war keeping the oil price above $110 into 2027, global growth would collapse to about 2%, a threshold widely seen as equivalent to a worldwide recession.The IMF urged countries to stage a coordinated response to the economic fallout from the war and called on central banks to remain vigilant. It also advised governments to focus on temporary and targeted measures to support businesses and households.

In a fresh University of Massachusetts and YouGov poll of 1,000 U.S. adults conducted in early April, country‑music legend Dolly Parton emerged as the most favorably viewed global figure, securing a 70% favorable rating and only 5% unfavorable, translating to a net favorability of +65%. Former President Barack Obama ranked second with a net favorability of +14% (50% favorable, 36% unfavorable). Ukrainian President Volodymyr Zelenskyy followed closely, posting a net favorability of +12% after 35% of respondents expressed a favorable view and 22% an unfavorable one. Other political figures fared poorly: former President George W. Bush earned a modest +5% net score, while Donald Trump and Joe Biden registered negative net favorabilities of ‑18% and ‑19% respectively. Pop star Taylor Swift managed a modest +3% net rating, and Russian President Vladimir Putin landed at the opposite extreme with a stark ‑65% net favorability. Parton’s dominance is notable not only for the size of the margin—over 50 percentage points ahead of her nearest rivals—but also because she is the only figure, aside from Obama, for whom a majority of respondents expressed a favorable opinion. Analysts attribute Parton’s success to her deliberately apolitical public persona and extensive charitable work. In a 2017 interview, she emphasized, “Everybody knows I don’t play politics,” a stance that has helped her maintain a broad bipartisan fan base. Her philanthropic impact is substantial. The Dollywood Foundation’s Imagination Library has donated more than 270 million books to children under five across the United States, Canada, the United Kingdom, Ireland, and Australia. Additional contributions include a $1 million gift to Vanderbilt University Medical Center that supported the development of the Moderna COVID‑19 vaccine, over $12 million to families displaced by the 2016 Tennessee wildfires, and ongoing funding for pediatric infectious‑disease research. Parton’s charitable achievements were recognized with the Carnegie Medal of Philanthropy in 2022**, and she was highlighted by Time as one of the most influential philanthropists of 2025. The poll’s findings suggest a public appetite for figures who embody generosity and cultural resonance without entanglement in partisan politics, underscoring a broader trend of voters gravitating toward non‑political icons in an era of heightened polarization.

Energy prices in the United States have continued to surge, even after President Donald Trump's administration issued a 60-day waiver of the Jones Act, a maritime law that restricts foreign-flagged vessels from transporting goods between US ports.The waiver, which came into effect on March 18, was intended to alleviate pressure on energy supplies by allowing more foreign vessels to transport goods domestically. However, experts say the impact on oil prices has been negligible, with oil prices rising 4 percent on the day amid a US blockade of Iranian ports.“It is estimated that it’s going to be about 3 cents on the East Coast and it might go up on the Gulf Coast, but these changes are so small that they’re overshadowed by the spikes in oil prices, and the oil prices keep going up,” said Usha Haley, a professor of management at Wichita State University.The Containerized Freight Index, a benchmark for shipping container costs, has jumped more than 10 percent over the last month and is up more than 35 percent from this time last year. The average price of gas in the US has also increased to $4.125 per gallon, up from $3.63 at this time last month.Despite the waiver, shippers have adapted their routes, with more than 34,000 ships diverting from the Strait of Hormuz over the past month. Major vessel insurers have also cancelled war risk coverage for ships travelling through the waterway, dissuading ship owners from going through the Gulf.Experts predict that fuel prices will only normalise once traffic through the strait returns to pre-war levels. The ongoing conflict and disruptions to transit through the Strait of Hormuz have contributed to the sustained high energy prices.

The White House Council of Economic Advisers released an analysis estimating that the United States faces a shortage of roughly 10 million homes. The report argues that easing regulatory burdens could unlock a construction surge, stabilise home prices, expand home‑ownership and accelerate overall economic growth. President Donald Trump signed two executive orders in March directing federal agencies to reduce housing‑regulation costs and to facilitate mortgage lending by smaller banks. Yet, critics note that the administration has been slow to prioritize high housing costs amid falling approval ratings tied to tariffs, the US‑Israel conflict with Iran, and unmet inflation‑reduction promises. Mortgage rates have risen from just under 6 % to 6.37 % for a 30‑year loan, further inflating the cost of home purchase. Trump has publicly defended higher home prices to protect existing owners, stating, “I don’t want to drive housing prices down… I want to drive housing prices up for people that own their homes.” The housing chapter of the annual Economic Report of the President, obtained by the Associated Press, outlines a blueprint showing how increased homebuilding could benefit the middle class and the broader economy, providing a potential political narrative for the president. According to the report, if homebuilding had continued at its pre‑2008 pace, the nation would have **10 million more houses** today. The 2008 crisis, driven by risky lending and a housing bubble, still casts a long shadow. Home prices have surged **82 % since 2000**, while median incomes have risen only **12 %**, a disparity previously softened by historically low mortgage rates. The post‑COVID inflation spike and higher rates have made affordability a top concern for voters under 40. Regulatory costs—dubbed the “bureaucrat tax”—are estimated to add **over $100,000 per new home** through updated building codes, compliance fees and zoning approvals. The report projects that trimming these costs could enable the construction of **up to 13.2 million homes**, potentially delivering an **average 1.3 percentage‑point boost to annual GDP** over the next decade and supporting **two million manufacturing and construction jobs**. One administration official, speaking on condition of anonymity, suggested that federal funding to states could be tied to regulatory reductions, creating a financial incentive for local governments. The analysis also criticises the green‑energy housing standards introduced under former President Joe Biden, which mandate more efficient HVAC systems and water‑heater requirements. Citing a 2021 National Association of Home Builders study, the report claims these standards could add **up to $31,000** to a new home’s price, with a **payback period of up to 90 years** for homeowners via lower utility bills. While rolling back such standards might lower upfront costs, the report acknowledges potential long‑term utility‑bill increases for owners. Legal challenges further complicate the picture: a Texas federal judge recently sided with 15 Republican‑led states, deeming the Biden‑era standards for federally backed housing **unlawful**. Overall, the White House’s proposal positions regulatory reform as a lever to address the housing deficit, stimulate economic growth, and generate jobs, while navigating the political and environmental trade‑offs inherent in the debate.

The United States, led by President Donald Trump, has announced its intention to blockade the Strait of Hormuz, a vital chokepoint for global energy supplies, in a significant escalation of tensions with Iran. This move comes after talks between Washington and Tehran in Islamabad failed to yield an agreement.In a social media post, Trump stated that the US Navy would begin the process of blockading any and all ships attempting to enter or leave the Strait of Hormuz. The blockade, which commenced at 10am Washington, DC, time (14:00 GMT) on Monday, has sparked concerns about the status of the two-week ceasefire between the US and Iran announced last week.Analysts view Trump’s threat as a substantial escalation in the war on Iran. Chris Featherstone, a political scientist at the University of York, noted that Trump is using the blockade as a tool in negotiations with Iran, aiming to pressure the country to comply with US goals.The blockade could have far-reaching implications for global energy markets, as the Strait of Hormuz is a critical passage for 20 percent of the world’s oil and liquefied natural gas (LNG) supplies. Iran has allowed ships from certain countries to pass through the strait during the conflict, but a blockade could disrupt these supplies.Jason Chuah, professor of maritime law at City St George’s, University of London, described the US actions as “sanctions with warships doing the bidding of President Trump,” rather than a classic blockade. He raised concerns about the legality of such actions under international maritime law, noting that the US is not a party to the United Nations Convention on the Law of the Sea.The international community remains divided on the issue, with the United Kingdom stating it will not support the blockade and China urging calm. The blockade’s impact on Iranian mines in the strait and shipping operations remains uncertain, with potential consequences for global energy security and the economy.

The humanitarian situation in Sudan has reached a critical point, with millions of people struggling to access adequate food. A report by a group of nongovernmental organisations (NGOs), including Action Against Hunger, CARE International, and the Norwegian Refugee Council, highlights the dire situation.The conflict, which began in April 2023, has caused widespread hunger and displaced millions of people, creating one of the world's largest humanitarian crises. The report notes that nearly three years of conflict have systematically eroded Sudan's food system, leading to mass hunger.In the two states worst hit by the conflict – North Darfur and South Kordofan – millions of families can only access one meal a day. Often, they miss meals for entire days, and many have resorted to eating leaves and animal feed to survive.The NGOs also report that communal kitchens set up to collectively prepare and share meals are struggling to stretch the scarce food available as resources dwindle. The crisis is being compounded by a worsening economic crisis and climate change.The Sudanese government has denied the existence of famine, while the Rapid Support Forces (RSF) denies responsibility for such conditions in areas under its control. However, the UN has reported widespread atrocities and waves of ethnically charged violence.According to the 2026 Humanitarian Needs and Response Plan, 61.7 percent of Sudan's population – 28.9 million people – is facing acute food shortages. The UN-backed Integrated Food Security Phase Classification has confirmed famine conditions in several areas, including el-Fasher and Kadugli.