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: Munich Re books provisions of US$106m for Iran war claimsReinsurance giant Munich Re has allocated EUR90m ($105.6m) in the first quarter of this year for claims for damages from the Middle East armed hostilities, according to the company's CFO, Mr Andrew Buchanan.13 May 2026