Reports from the International Monetary Fund and the International Energy Agency warn of possible global recession as the U.S. enacts a blockade at the Strait of Hormuz.By Phil McKennaAs the Iran war nears its seventh week, two of the world’s leading finance and energy institutions are forecasting a bleak future for the global economy if the conflict continues much longer.
Last updated: April 14, 2026 10:35 PM
CO₂
431.9ppm
+1.9
/ year
CH₄
1945.85ppb
+8.44
/ year
Temp
+1.48°C
Peak +1.73°C
Population
8.1B
+67M
/ year