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EU High Representative for Foreign Affairs and Security Policy Karas: Keeping the Strait of Hormuz open is in our interest, which is why we are exploring what actions can be taken at the European level.

2026-03-16

EU High Representative for Foreign Affairs and Security Policy Karas: Keeping the Strait of Hormuz open is in our interest, which is why we are exploring what actions can be taken at the European level.

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2026-03-16

Foxconn Technology: We expect revenue from cloud computing and network products to achieve strong year-on-year growth in the first quarter.

Foxconn Technology: We expect revenue from cloud computing and network products to achieve strong year-on-year growth in the first quarter.
2026-03-16

Central banks meeting this week will assess how the Iran war could affect inflation, while analysts at Goldman Sachs say the shock is far narrower than the post-Covid surge because it is largely concentrated in energy. They estimate higher oil prices

Central banks meeting this week will assess how the Iran war could affect inflation, while analysts at Goldman Sachs say the shock is far narrower than the post-Covid surge because it is largely concentrated in energy. They estimate higher oil prices could reduce global GDP by about 0.3% and raise headlines inflation by roughly 0.5 percentage points over the next year. Disruptions around the Strait of Hormuz may also impact chemicals and metals, but current prices indicate only a 0.1 percentage-point increase in global inflation. Goldman notes the Middle East accounts for just 1% of global non-energy exports, far below the more than 20% of global trade disrupted by pandemic shutdowns in Asia.
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