Keep pulling the thread on Ebola Aid Cuts Impact.
Bloomberg Economics asserts that the oil shock resulting from the closure of the Strait of Hormuz is ending the global trend of disinflation.
Rapidan Energy has warned that a closure of the Strait of Hormuz until the end of August would elevate the risk of an economic downturn on a scale approaching the 2008 Great Recession.
Rapidan Energy forecasts that if the Strait of Hormuz remains shut until August, it would deepen the third-quarter oil supply deficit to approximately 6 million barrels per day.
The European Union has lowered its euro area GDP growth forecast for the current year to 0.9%, down from 1.4% growth last year.
European Economy Commissioner Valdis Dombrovskis stated that the European economy is experiencing a stagflationary shock, characterized by a simultaneous slowdown in economic growth and an increase in inflation.
Iran is in talks with Oman about establishing a permanent toll system in the Strait of Hormuz.
US Secretary of State Marco Rubio stated that a tolling system in the Strait of Hormuz is not feasible, would be unacceptable, and is opposed by China.
US President Trump announced the deployment of an additional 5,000 troops to Poland, citing the election of nationalist Karol Nawrocki as president.
The US president has threatened to withdraw troops from Germany and suggested a broader drawdown of US forces in Europe following a dispute with NATO nations over the Iran war.
According to Bloomberg, some Kremlin officials privately believe that Russia's war in Ukraine has reached a dead end with no clear path to resolution.
The US Defense Agency found that a Ukrainian offensive retook approximately 400 square kilometers from Russia after thousands of Starlink internet terminals used by Russian forces were deactivated.
The World Health Organization has declared the Ebola outbreak in Central Africa a public health emergency of international concern.