Could the Iran war trigger a global recession?
Al Jazeera
All eyes are on the Strait of Hormuz.
The longer it remains closed, the greater the damage to the global economy.
Iran continues to block tankers from shipping close to 20 percent of the world’s oil supply.
That is roughly twice the disruption the world suffered during the energy shock of the 1970s.
Big oil shocks have historically led to considerable economic turmoil, high inflation, stagnation and recession.
Venezuela is through to its first World Baseball Classic final and will play the host nation for the title in Florida.
Cuba also says it is removing impediments to US businesses and other foreign investors.
Afghan officials say a Pakistani air strike has killed hundreds of people at a drug rehabilitation centre.
A spokesperson for Iran’s Central Headquarters said wars are decided on the battlefield, not social media.
Andreas Krieg says that US plans to deploy 2,500 marines to the Gulf is unlikely to reopen the Strait of Hormuz.
Police deploy explosives’ clearance teams to three sites following suspected suicide attacks in the northeastern city.
The US president delays March 31-April 2 trip to China to focus on the escalating war against Iran.