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The Latest Breaking News from Economy

Top forecaster's dire prediction if Iran war drags on

Australia could enter a recession, with the Reserve Bank raising interest rates a further three times, economists warn as fears of a protracted conflict mount.

AAP

Did Anthony Albanese just cement a third interest rate hike in May by cutting the fuel excise?

Injecting $1.5bn via petrol subsidies into an inflated economy may change things for the Reserve Bank board at its next meeting

The Guardian - AU

China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained

The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins

The Guardian - UK

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The US has opened up Pandora’s box in the Middle East, and possibly only Iran will benefit

THE INDEPENDENT VIEW: Editorial: With the Houthis controlling the Red Sea – and Iran the Strait of Hormuz – the global economy would be facing disaster

The Independent UK

War could add an extra 5% to prices in Australia – but there’s one sector that shields the economy

A drawn-out war in the Middle East could add an extra 5% to existing inflation in Australia, our new modelling shows.

The Conversation

The maritime passages with a chokehold on the global economy

The war in the Middle East has put the Strait of Hormuz in the spotlight. It is one of the world's maritime "choke points" – narrow passages on which global trade depends, putting them at the centre of geopolitical tensions.

Radio France Internationale

War in Iran erodes the chancellor’s headroom and exposes the UK’s fragility

Rachel Reeves boasts of the £23bn she has built up against her fiscal rules but now she – or any future steward of the economy – has little space to manoeuvre

The Guardian - UK

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Worries about global economic pain deepen as the war in Iran drags on

U.S. and Israeli attacks on Iran have darkened the outlook for the world economy

The Independent UK

Russia Stops Petrol Exports: Hidden Global Impact

A sudden decision. A ripple felt across continents. Russia’s move to halt petrol exports from April 1 has triggered concern far beyond its borders. On the surface, it seems like a step to control domestic fuel prices. But the reality is far more complex. When a major energy supplier tightens…

MyLifeXP

Boston woman uses little-known return hack to get T.J. Maxx items for less. People think it’s genius—but is it ethical?: ‘My kind of gambling’

Everyone loves a good money-saving hack. Any dollar saved adds up in this economy. But when do lines the tricks become morally blurred? One woman shares ‘scammiest’ trick she used for three years at T.J. Maxx to score the items she wanted for a lower cost by using the return…

The Mary Sue

United’s Relax Row gives you more space — and eight power ports

United Airlines’ new Relax Row will turn three economy seats into a lie-flat bed offering extra screens, power, and comfort, and potentially a more affordable long-haul upgrade when it launches in 2027.

TechRadar

Houthi forces enter Iran conflict with missile attacks on Israeli military sites

Escalation represents dangerous spread of war and brings threat of even more damage to the global economy

The Guardian - UK

I drove the Mercedes-AMG E53 Hybrid Wagon for a week — and I felt like I was in an Iron Man suit

The 2026 Mercedes-AMG E53 Hybrid Wagon is a tech-obsessed vehicle that dazzles from the moment you step inside.

Tom’s Guide

An uneasy mix of celebration and anxiety dominates the ‘Davos of energy’ as the month-long Iran war further disrupts the global economy

The longer the Iran war lasts the more long-term demand destruction, inflation, and a global recession take hold.

Fortune

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Fortune

Indonesia faces a 'perfect storm' of downgrade fears, trade tensions and now the Iran war—and 2026 has only just started

Indonesia's difficult start to the year includes signing a trade deal the day before the U.S. Supreme Court overruled Trump's tariffs.

International Business Times

New Business Starts Hold Steady as U.S. Job Market Sends Mixed Signals

As hiring slows down and job opportunities dry up, business filings remain strong while Americans pivot after layoffs

Euronews

G7 agrees to secure Strait of Hormuz but only after war in Iran ends

Foreign ministers of the Group of Seven made the mission to secure the Strait of Hormuz conditional on the cessation of hostilities in the Middle East.

LiveScience

Our fossil fuel economy is a house of cards and Trump's war in Iran is about to topple it. The need for a clean energy transition has never been clearer.

Trump's war in Iran is the embodiment of everything that's wrong with our dependence on fossil fuels — and it's highlighting just how vital the transition to renewables is.

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The Independent UK

US-Iran war in numbers: Thousands killed and billions spent as fragile ceasefire takes effect

IN FOCUS: Iran and the US have agreed a temporary ceasefire after 39 days of war. James C. Reynolds reports on the costs of the conflict to date

The Independent UK

Analysis: 1 month into war, Iran is using insurgent tactics and holding the world economy hostage

One month into their war with Iran, the United States and Israel find themselves confronting an opponent that fights more like an insurgency than a nation

The Guardian - US

Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war

President’s move, dubbed Trump Always Chickens Out, appears to have soured as he loses hold on situation in Iran

Evening Standard

Stricken Thai tanker runs aground as Britain warns Iran to stop 'holding global economy hostage' over Strait of Hormuz

The UK is working with allies on a plan to keep open the key strait once Donald Trump’s war de-escalates

Budget and the Bees

Financial Planners Report a Surge in ‘Living Gifts’ as More Boomers Transfer Wealth Early

Waiting for an inheritance has long been the traditional way wealth moves from one generation to the next. However, you might notice a significant shift in how families are handling their finances lately. Many older adults are no longer content to let their legacy sit in a bank account until…

Fortune

‘There is no silver lining in this trajectory’: Budget watchdog warns of financial, inflation, or currency crisis due to $39 trillion national debt

“It took decades to get us into this hole, and it will take a concerted effort to get out of it.”

Kiplinger

Oil Prices Push Up More Than the Cost of Gas. Here's What Gets More Expensive Next

From groceries to flights, higher oil prices ripple through your budget. Here's how the chain reaction works and when you may start to feel it.

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