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FORGOTTEN HISTORY: 4 | History Defined

Bulletin world briefing: Fuel rationing and global recession could be ‘months away’

Here are five of the biggest stories from around the world today

The Independent UK

How the world is just ‘months away’ from fuel rationing and a recession

IN FULL

The Independent UK

Trump’s war with Iran could see fuel rationing and global recession within months, experts warn

Prolonged disruption would slow world GDP growth to 1.4 percent in 2026, Oxford Economics warns

The Independent UK

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read the most diverse news in one place.

Australia faces 'sharp recession' if US escalates war

As Donald Trump fails to reassure traders about the Strait of Hormuz, analysts warn Australia's economy is hurtling towards a recession the longer it is closed.

AAP

What is Benjamin Netanyahu’s end game in the Iran war?

The war between the United States, Israel, and Iran is now into its second month. Despite spectacular early successes, the resilience of Iran’s government and military has meant the US and Israel have lost the strategic initiative. This means they are being more reactive than proactive in determining the outcome…

The Conversation

As Recession Odds Climb, Defensive Sectors Continue to Outperform

As uncertainty continues to dampen consumer confidence, investors are pivoting from growth to consumer staples. The VDC offers a low-beta, dividend-rich hedge.

MarketBeat

JP Morgan-Chase CEO Jamie Dimon unexpectedly comes out in favor of Iran war despite recession fears: ‘It was overdue’

The Wall Street leader said he was unsure whether the war would prompt a recession but argued the Iranian government has long-posed a genuine threat

The Independent UK

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A Wall Street vet’s Walmart recession indicator just hit its highest point since 2008—and he says the fear ‘just keeps multiplying’

Jim Paulsen’s “Walmart Recession Signal” has tracked closely with downturns in real GDP growth and unemployment spikes.

Fortune

Bond yields are falling even as oil tops $102, showing that Wall Street fears recession more than inflation

“The risks to economic growth begin to take precedence over the risks to inflation,” Oxford Economics said in a note on Monday.

Fortune

2026 Recession Warning: 3 Smart Moves to Protect Your Retirement Income Now

Protect your savings amid economists' warnings of a 40% recession risk in 2026. Learn how to build a cash buffer, diversify income, and adjust your withdrawal strategy.

International Business Times UK

Top forecaster's dire prediction if Iran war drags on

Australia could enter a recession, with the Reserve Bank raising interest rates a further three times, economists warn as fears of a protracted conflict mount.

AAP

Financial Flashback: How Smart Planners Weathered the 2008 Recession

While past performance is not indicative of future results, history can help inform successful strategies for weathering uncertain times. A Multi-Year Guarantee Annuity stands out as a source of financial confidence because it provides a guaranteed interest rate with no market exposure. If you're near retirement age or currently retired,…

Kiplinger

In The Room | Stockpiling fuel and panic buying loo roll – are we prepped for war?

As the war in the Middle East continues, there are fears there could be a global recession over oil prices.

The Independent UK

I Asked ChatGPT Which Investments Won’t Survive the Next Recession: Here’s What It Said

ChatGPT evaluated market risk and highlighted investments most vulnerable in a recession, revealing where investors could face losses when the economy turns.

GOBankingRates

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inkl

6 Smart Money Moves If a Recession Looms

A troubling 42% of people feel stressed about their finances, and headlines are trying to scare you into making a move every day. When the word "recession" starts echoing through the news cycle, the natural human instinct is to duck and cover. However, a downturn doesn't have to mean a…

The Times of India

BlackRock CEO Larry Fink warns oil could hit $150 amid Iran‑US war, causing 'global recession'

Larry Fink, BlackRock’s CEO, warns that Iran’s ongoing threats could push oil to $150 a barrel, risking a deep global recession. Even post-ceasefire, regional instability around the Strait of Hormuz may keep prices elevated for years. He stresses the regressive impact on consumers and urges accelerated investment in alternative energy…

Fortune

Mark Zandi warns recession odds are creeping toward 50%, and the Iran war could launch us into economic turmoil by midyear

As oil steadily climbs above $100 per barrel and Iran rejects a U.S. peace proposal, Moody’s chief economist says recession odds are only getting worse.

The Independent UK

Blackrock boss warns of ‘stark global recession’ if oil prices hit $150 due to Iran war

Larry Fink warns those on lower incomes will be harder hit than the wealthy if energy prices continue to soar

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news in one place.

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Fortune

Larry Fink says the Iran war ends in one of two extremes: Abundance, growth, and oil at $40 a barrel, or a global recession and years of oil at $150

“I could paint a scenario where I could see, a year from now, oil at $40 a barrel; I could see it above $150—we have two very extreme outcomes,” Fink told the BBC this morning.

The Independent UK

Soaring oil prices spark fear of global recession

Fears of a global recession have emerged due to soaring prices, exacerbated by the conflict in the Middle East. Larry Fink, CEO of BlackRock, has predicted a global recession if oil prices reach $150 a barrel, citing "profound implications" should Iran remain a threat. UK Chancellor Rachel Reeves warned that…

Fortune

Goldman raises recession odds to 30% on higher inflation, lower GDP outlook as oil prices surge

Goldman said it expected six weeks of Hormuz disruption, with Brent crude averaging $105 per barrel in March and $115 in April before retreating to $80.

The Independent UK

It is impossible for Britain to stay completely out of the war in the Middle East

THE INDEPENDENT VIEW: Editorial: The danger of a world economic crisis is one reason Trump was so unwise to launch this war in the first place, and it is why the conflict should be brought to an end as quickly as possible, but as long as the conflict lasts, the…

GOBankingRates

I Asked ChatGPT What the US Can Do To Stop a Recession — The Answer Shocked Me

ChatGPT broke down six ways the U.S. can prevent or shorten recessions, from Fed policy and fiscal support to protecting jobs and managing credit markets.

Fortune

The Middle East is one of the world’s fastest growing luxury markets—and the war in Iran may cut its sales in half, analysts say

Luxury brands such as Dior and Gucci each get 20% of their sales from the region, which grew about 6% in 2025.

The Independent UK

Why $138 is the key mark for oil prices and what it means for the future of the US economy

Analysts are keeping a close eye on the developments in the Middle East amid President Donald Trump’s war on Iran, and are paying particular attention to oil prices

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