IMF warns of global recession risk if Iran war escalates
Source: Washington Examiner · Bias: Center Right
Summary
The International Monetary Fund warned that if the war in Iran escalates, it could further raise oil, gas, and food commodity prices, putting the global economy at risk of a recession. The IMF published its April 2026 World Economic Outlook titled “Global Economy in the Shadow of War” on Tuesday, warning that the state of […]
IMF warns of global recession risk if Iran war escalates
Center Right
The International Monetary Fund warned that if the war in Iran escalates, it could further raise oil, gas, and food commodity prices, putting the global economy at risk of a recession. The IMF published its April 2026 World Economic Outlook titled “Global Economy in the Shadow of War” on Tuesday, warning that the state of […]
On Friday, Fox News host and political analyst Brit Hume offered a prediction that President Donald Trump is unlikely to appreciate. If the Democrats come out ahead in the midterms, the chief executive could find himself paying big for his "breathtaking" crypto corruption. Hume's forecast comes in the wake of the president's 2025 financial disclosures earlier in the week, which revealed that his family raked in a shocking $1 billion from its cryptocurrency ventures while Daddy Trump regulated the market. As Mediate explains, "The filing reported roughly $500 million in income from World Liberty Financial, the crypto company founded with his sons Eric Trump, Donald Trump Jr., and Barron Trump, along with approximately $635 million from sales of the $TRUMP meme coin through CIC Digital LLC. The disclosure also detailed hundreds of millions of dollars in income from Trump’s real estate holdings and millions more from licensing deals and other business ventures. The president made more than $2 billion overall."Another Fox News host, John Roberts, called the numbers "eye-popping," prompting Hume to respond, "It is, John, and I think the right word for this is unseemly, for a president to profit while in office.”He continued, "Now, it’s not fair to say that he profited from the office, although, you know, that’s surely gonna be subject to investigation — particularly if the Democrats get control of one or both branches of Congress. But, if you wanted seemliness in the White House, Donald Trump was not your man, and if you wanted a guy that wasn’t very rich in the White House, he wasn’t your man for that either. The fact is that he’s a very rich guy, and when you hold the kind of holdings he has, you do get richer. This amount from crypto seems breathtaking, but as the point was made by you and [Treasury Secretary] Scott Bessent, not illegal. So, the people that don’t like Trump won’t like this. The people that do like Trump won’t care very much, in my judgement."Hume is only partly true in regards to that last assertion. While much of MAGA has remained loyal to the president regardless of his financial improprieties, he's had pushback from some high-profile supporters. The New York Post, for example, which is typically complimentary toward Trump, declared that a recent story involving his sons' profiting off a Kazakhstan mining deal their father struck "stinks to high heaven." According to the Post, "The Lutnick [sons of Treasury Secretary Howard Lutnick] and Trump boys have been sloshing around in the muck since their dads came to power 18 months ago. They’ve profited handsomely from cryptocurrency deals while the government their fathers control were setting crypto policy.”
Despite efforts by U.S. negotiators, Iran says it wants to charge a toll for ships to pass through the Strait of Hormuz. It's yet another unresolved issue of the U.S.-Iran war.
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Iran’s Parliament Speaker Mohammad Bagher Qalibaf has warned of an Iranian response if the U.S. and Israel breach the interim peace deal, as Tehran prepares to bury its former supreme leader, Ayatollah Ali Khamenei. “We strongly demand full implementation of the agreements, and if the U.S. and the Zionist regime fail to fulfill their commitments, Iran…
Iran's entire regime made a red carpet entrance to the first of three funeral ceremonies for late Supreme Leader Ali Khamenei — except the dead ayatollah's own son and successor.
Trump administration officials reportedly believed that the Israeli government intended to assassinate Iran’s top negotiators—including the country’s foreign minister—during peace talks with the US in an effort to sabotage diplomatic progress.The New York Times reported Thursday that “American concerns about the targeting of two particular Iranian officials—Abbas Araghchi, Iran’s foreign minister, and Mohammad Bagher Ghalibaf, the speaker of the Parliament—spiked during delicate ceasefire negotiations that began in April.” In response, the US “went so far as to ask other countries in the region to warn Iran about the possibility Israel could target the two officials,” according to the Times, which cited unnamed current and former American officials.The US and Israel have killed dozens of top Iranian officials since launching their illegal joint war in late February. But the allied countries reportedly removed Araghchi and Ghalibaf from their target list in late March, opening the possibility of high-level negotiations to end the war.But Israel remained bent on targeting the negotiators, according to the Times, whose reporting was later corroborated by The Washington Post.The Times detailed one dramatic incident in April, when Ghalibaf was planning to travel to Pakistan’s capital to meet with US Vice President JD Vance:Pakistani fighter jets escorted the Iranian airplanes carrying a delegation of more than 70 Iranians from the border of Iran to Islamabad and back again when the session was over.But on the way back to Tehran, an Israeli security threat emerged.Iran’s security forces notified the plane carrying Mr. Ghalibaf back to Tehran that they had picked up intelligence that Israel planned to attack the plane and that two Israeli fighter jets had entered Iran’s airspace from its western border near Iraq, the two officials said.Mahdi Mohammadi, a senior adviser for Mr. Ghalibaf, who accompanied him to Islamabad, confirmed this account on his social media page. The plane made an emergency landing in the city of Mashhad, Iran’s closest airport to the Pakistani border, and the Iranian delegation traveled some eight hours by land back to Tehran, Mr. Mohammadi and the two officials said.The Post reported that “cracks emerged” between the US and Israeli approaches to the war following Israel’s assassination of top Iranian national security official Ali Larijani in March.“They’ve wiped out everybody,” Trump told reporters in late March, suggesting Israel’s assassination campaign was making it difficult to find potential negotiating partners.Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft, wrote in response to the new reporting that “Israel is a state that, on paper, is a US partner, but in reality is so extreme in its obsession to undermine US diplomacy that it even tries to assassinate those the US engages with in crucial negotiations.”“I can’t recall a government as terrified of peace as the one running Israel,” Parsi added.At present, the Israeli government—led by Prime Minister Benjamin Netanyahu—is endangering tenuous US-Iran peace talks with its continued occupation of and assault on Lebanon, which Iran has highlighted as a key factor in the negotiations.Visiting occupied southern Lebanon earlier this week, Netanyahu declared to Israeli troops that “our insistence is that we will not leave... until the threat is removed.”Parsi wrote earlier this week that “beyond his long-standing desire to use American force to subjugate Iran to Israeli domination and achieve a regional balance favorable to Israel,” Netanyahu “now also has stark political and personal reasons to restart the war” with Iran.“The [US and Iran’s memorandum of understanding] has come at a steep political cost for Netanyahu,” wrote Parsi. “His prospects for reelection in October are weaker than they have been in months. Once seen as the Israeli leader uniquely capable of delivering President Trump, he now confronts the prospect that both the war and the ensuing diplomacy will leave Israel in a strategically weaker position—undermining the very case he has made for his leadership.”“And of course,” Parsi added, “if he loses the elections, he will likely spend the next few years in jail, as he will lose his immunity as prime minister and face trial over corruption charges.”The story was published in partnership with Common Dreams, read the original here.
