ME conflict: Fragile ceasefire weighs on global energy market and growth prospects The global outlook remains highly uncertain amid an increasingly prolonged confrontation and fragile ceasefire between the US and Iran. Drawn-out negotiations, ongoing shipping blockades and the risk of military escalation threaten the truce's durability, says Moody's Ratings (Moody's) in its "Global Macro Outlook (May 2026 Update)" report.
ME conflict: Fragile ceasefire weighs on global energy market and growth prospectsThe global outlook remains highly uncertain amid an increasingly prolonged confrontation and fragile ceasefire between the US and Iran. Drawn-out negotiations, ongoing shipping blockades and the risk of military escalation threaten the truce's...14 May 2026