Violence will not stop in Middle East until Gaza war ends, senior Hezbollah figure warns

Credit: Sky News- Published on April 19, 2024
Violence in the Middle East will not stop until the war in Gaza ends, a senior Hezbollah figure has told Sky News in a world-first interview in which he also castigated the West and scoffed at Israel's actions.

Video credit: Wibbitz Top Stories
Published on April 16, 2024 -  01:31
IMF Warns of Broad Global Impact Due to Conflict in the Middle East
IMF Warns of Broad Global Impact, Due to Conflict in the Middle East. According to 'The Guardian,' the International Monetary Fund recently highlighted the risks of escalating conflict in the Middle East with two new reports. . The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel. The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy. The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy. That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war. That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war. 'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices. . Pierre-Olivier Gourinchas, the IMF’s economic counsellor, said the organization was evaluating the potential for another commodity shock from the conflict. The increased inflation that would come from higher energy prices would trigger a response from central banks that would tighten interest rates in order to secure inflation coming back to target, and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'. The increased inflation that would come from higher energy prices would trigger a response from central banks that would tighten interest rates in order to secure inflation coming back to target, and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'. It would do so in a context in which, in some countries, activity and growth is already fairly weak, so that might also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'. According to Gourinchas, the impact of a 15% increase in the price of oil, combined with higher shipping costs, could result in a 0.7% increase in global inflation. According to Gourinchas, the impact of a 15% increase in the price of oil, combined with higher shipping costs, could result in a 0.7% increase in global inflation. Gourinchas also warned that such an increase would also bring down business confidence and global investment.

You are here


💡 newsR Knowledge: Other News Mentions




Gaza City

Ancient Levantine metropolis and modern city in Palestine
Joe Biden has said 'what is happening in Gaza is not genocide' following an arrest warrant request by the International Criminal Court prosecutor for Israeli..
Credit: Sky News - Published 4 hours ago

He said that no one expected the Russia-Ukraine conflict to continue for over three years, or an attack on Israel of such a massive scale taking place on October..
Credit: DNA - Published 5 hours ago



Sky News

British and international television news channel
Billionaire Sir Jim Ratcliffe has told Sky News that Britain is ready for a change of government after scolding the Conservatives over their handling of the..
Credit: Sky News - Published 2 days ago

Prosecutions of sub postmasters by the Department for Work and Pensions could be "tainted" as Sky News reveals officials worked with now discredited Post Office..
Credit: Sky News - Published 5 days ago

The outbreak of a waterborne disease in Devon could last at least a week, an expert has told Sky News.
Credit: Sky News - Published 5 days ago

Prisoners who have been assessed as "high risk" are being let out of jail under the government's early release scheme, a serving probation officer has told Sky..
Credit: Sky News - Published 5 days ago

A maternity expert behind a key 2022 report has told Sky News she is "angry" over government inaction after a landmark inquiry found good care "is the exception..
Credit: Sky News - Published 6 days ago


Related videos from verified sources

ICC prosecutor seeks Gaza 'war crimes' arrest warrant for Netanyahu and Hamas leaders 02:15
Credit: AFP English - Published 15 hours ago 


IDF "Friendly Tank Fire" Kills 5 Troops In Gaza, Hezbollah Hits “sensitive” Israeli Military Sites 07:30
Credit: Rumble - Published 5 days ago 


Iraqi Islamic Resistance’s Arqab Missile Blitz Turn Israeli Sky Red | Watch 03:01
Credit: Oneindia - Published 5 days ago 


You might like