Iran is holding the world economy hostage by blockading the Strait of Hormuz, said Shaikh Nawaf Al-Sabah, the CEO of Kuwait Petroleum Corporation. Source: cnbc.com

The flotilla is part of a caravan called “Our America Convoy to Cuba,” with more than 650 participants from 33 countries who arrived on the island this past weekend with tons of aid. Source: pbs.org

Tax cuts or fuel ‌price subsidies are not an effective response to the energy price shock triggered by the Iran war and risk fuelling inflation, France’s Finance Minister Roland Lescure told lawmakers on Tuesday. Source: reuters.com

Euro zone private sector growth nearly stalled this month as inflation expectations surged and delivery times soared, adding to mounting evidence that the bloc is already suffering a tangible drag from the U.S. and Israeli war with Iran. Ciara Lee reports. Source: reuters.com

The Iran war is already taking a toll on major economies around the world, according to business surveys on Tuesday which showed how a ​surge in energy prices and rising uncertainty were dampening activity and pushing inflation expectations higher. Source: reuters.com

WEF is committed to returning to the Gulf. Business and political leaders there know that the need for conversation and the hunt for solutions is now paramount. Source: fortune.com