Entertainment
ME war-choked oil flows to spark runaway inflation, global growth crisis
- War has reduced global oil supply by 13%, says IMF chief.
- ME conflict to dominate next week’s IMF, WB meetings.
- Barring war, IMF had expected small upgrades in outlook.
The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund (IMF) told Reuters on Monday, ahead of a forecast for the world economy planned by the global lender for next week.
The war has triggered the worst-ever disruption in global energy supply, with millions of barrels of oil production shuttered due to Iran’s effective blockage of the Strait of Hormuz, crucial for shipping one-fifth of the world’s oil and gas.
Even if the conflict is swiftly resolved, the IMF is set to reduce its forecast for economic growth and bump up its outlook for inflation, Kristalina Georgieva, managing director of the IMF, said.
The war is expected to dominate discussions among finance officials from around the world at next week’s spring meetings of the IMF and World Bank in Washington.
The Fund is expected to release a range of scenarios in its upcoming World Economic Outlook due on April 14.
It signalled a possible downgrade in a March 30 blog post, citing the asymmetric shock of the war and tighter financial conditions. Without the war, Georgieva said the IMF had expected a small upgrade in its projection for global growth of 3.3% in 2026 and 3.2% in 2027 as economies continue to recover from the pandemic.
“Instead, all roads now lead to higher prices and slower growth,” said Georgieva, who will preview the spring meetings in a speech on Thursday. World Bank President Ajay Banga will present his view at an Atlantic Council event on Tuesday.
“We are in a world of elevated uncertainty,” the IMF chief said, citing geopolitical tensions, technological advancements, climate shocks and demographic shifts. “All of this means that after we recover from this shock, we need to keep our eyes open for the next one.”
The war has shrunk global oil supply by 13%, Georgieva said, with the impact rippling through oil and gas shipments and into related supply chains such as helium and fertilisers.
Even a rapid end to hostilities and a fairly rapid recovery will result in a “relatively small” downward revision of the growth forecast and an upward revision of its inflation forecast, she said. If the war is protracted, the effect on inflation and growth will be greater.
Poor countries will be hit harder
Poor, vulnerable countries with no energy reserves will be hardest hit, Georgieva added, noting that many countries had little to no fiscal space to help their populations weather the price increases caused by the war, which in turn also increased the prospects of social unrest.
Georgieva said some countries had already asked for funding help, but did not name them. She said the IMF could augment some existing lending programs to meet countries’ needs. Eighty-five percent of the IMF’s members are energy importers.
Broad energy subsidies were not the answer, she said, urging policymakers to avoid government payments that could further inflame inflationary pressures.
The impact has been asymmetric, hitting energy-importing countries hardest, but even energy exporters such as Qatar are feeling the effect from Iranian strikes against their production facilities.
Qatar expects it will take three to five years to restore 17% of its natural gas production because of the damage, Georgieva said, while the International Energy Agency has reported 72 energy facilities have been damaged in the war, one-third of which have suffered significant damage.
“Even if the war is to stop today, there would be a lingering negative impact to the rest of the world,” she said.
Food security a concern
After the US and Israel attacked on February 28, Iran effectively closed the Strait of Hormuz, sending the price of crude oil and liquefied natural gas sharply higher. The international Brent crude benchmark settled near $110 on Monday, with cash benchmarks sourced to the Middle East at a substantial premium to that price.
The heads of the IMF, IEA and World Bank said last week they would form a coordinated effort to assess the energy and economic effects of the war.
Georgieva said the IMF was also engaging with the United Nations’ World Food Programme and Food and Agriculture Organisation on food security.
The World Food Programme said in mid-March that millions of people will face acute hunger if the war continues into June. Georgieva said the IMF did not see a food crisis yet, but that could happen if the delivery of fertilisers were impaired.
It’s been two decades now since an American has brought a major singles title back home.
The current list of players is still looking for the big win, with Frances Tiafoe being the one fans have been pinning hopes on.
He is ranked 21st in the world, yet he enjoyed his closing run at Roland Garros last year by finishing in the quarter-finals.
He is not the one who came close to the finishing line, several others have also been unable to end the twenty-year drought.
In a recent media appearance, just before the tournament kicked off, Tiafoe speaks his mind.
He said, “It’s been nice for a long time. I think we’ve been killing. It’s a matter of we just have some guys. It’s just top heavy, man.”
Tiafoe sounds off on American tennis, adding, “We’ you know, they’re gatekeeping hard. I mean, I think, you know, Fritz has been top ten for a bunch of years.
“Ben’s cracked in there. He’s kind of solidified himself being a top ten guy. I mean, I’ve been top 20 majority of years the last four years. Tommy as well. He’s been flirting in and out, so.”
Tiafoe explains, “We got Korda, I mean, you know, if he’s healthy, you know, he’s always, again, top 20.
“But it’s his manner of just putting these weeks together, and trying to do the ultimate goal, and one of us try to win, and this type of event.”
“You know, Ben won 1000, you know, Fritz won 1000, you know, I’ve been final of a 1000, so we’re all flirting with the top of the game. We just got to kind of get over the line,” Tiafoe concluded.
Andy Roddick remains the last man standing who won the US Open title back in 2003, almost two decades ago.
This time at French Open, only Shelton will be the top-seeded American who kicks off his campaign on the clay court.
Entertainment
American Music Awards airing tonight with performances from Billy Idol, Keith Urban, Teyana Taylor and more
The American Music Awards kick off the unofficial start of summer tonight, celebrating the best in music and featuring performances from such artists as Billy Idol, Keith Urban, Teyana Taylor and others.
The show airs on CBS television stations and streams on Paramount+ starting at 8 p.m. ET/5 p.m. PT.
The AMAs boast of being the world’s largest fan-voted awards show. Voting for most of the categories closed earlier this month, but people can still vote online or on Instagram for social song of the year and tour of the year through the first half hour of the show.
Queen Latifah serves as host this year, returning to the AMAs stage after co-hosting in 1995 and performing over the years.
Taylor Swift leads the nominations with eight following last year’s release of “The Life of a Showgirl,” which is up for album of the year and best pop album. Two songs from the album also received nods: “The Fate of Ophelia” for song of the year, best music video and best pop song, and “Elizabeth Taylor” for song of the summer.
Swift has already won 40 times at the AMAs, which is more than any other artist. She’s also up for artist of the year and best female pop artist this year.
Morgan Wallen, Olivia Dean, Sabrina Carpenter and Sombr were right behind Swift with seven nominations each.
But the awards are only part of the show. Billy Idol, who’s known for such hits as “Dancing With Myself,” “Rebel Yell” and “White Wedding,” will receive a lifetime achievement award and perform a medley of some of his hits on the AMAs stage.
Scott Dudelson/Getty Images for Coachella
Keith Urban will perform a track from his upcoming yacht rock album “Flow State.” Teyana Taylor, who won a Golden Globe in January for her performance in “One Battle After Another” and is up for best female R&B artist at the AMAs, will perform a medley from her album, “Escape Room.”
There will also be performances by some groups that have amassed huge followings over the years, with Hootie and the Blowfish, New Kids on the Block and The Pussycat Dolls taking the stage.
K-pop superstars BTS will also make a special appearance. Following a nearly four-year hiatus for the members to fulfill their mandatory military service, the group began a world tour in March and will appear at their first awards show in four years at the AMAs. They are nominated for three awards as well.
Who’s performing at the 2026 American Music Awards?
Here’s a list of all the announced performers at the American Music Awards:
- Billy Idol
- Hootie and the Blowfish
- Karol G
- Katseye
- Keith Urban
- Maluma
- New Kids on the Block
- The Pussycat Dolls, with a guest appearance by Busta Rhymes
- Riley Green
- Sombr
- Teddy Swims
- Teyana Taylor
- Twenty One Pilots
How to watch the 2026 American Music Awards
- What: The 2026 American Music Awards show
- Date: Monday, May 25, 2026
- Time: 8 p.m. ET/5 p.m. PT
- Location: MGM Grand Garden Arena in Las Vegas
- On TV: Live on CBS television stations. Find your local station here.
- Online stream: Live on Paramount+
The royal family’s famouse show faces serious calls to conduct a review of its safety protocols after a heartbreaking loss.
The British monarch, 77, has reportedly taken an action to ensure safety meassure after a young soldier’s detah during a King’s Troop, Royal Horse Artillery performance earlier this month.
Lance Bombardier Ciara Sullivan, 24, lost his life after falling from her horse on May 15.
Heartbroken Britons urged officials to take notice of their concerns. They questioned whether traditional ceremonial practices, including the use of historic headwear rather than modern protective helmets, should continue in public displays.
She had been wearing the regiment’s ceremonial busby hat as part of the King’s Troop full dress uniform.
The insider claimed: “The organisers need to adopt smart strategy to save lives.
“We may face the same situation in the future if the measures are nt taken.”
The First World War-era QF 13-pounder field artillery, constructed from steel and wood with large spoked wheels, is pulled at speed by six horses arranged in three rows.
During performances, riders guide the heavy weaponry through complex arena manoeuvres and sharp turns.
“These carriages were invented centuries ago, before modern safety measures. They are not fit for purpose and nor are the hats. There should be a serious review of horse displays like this,” one source told the Mail.
Another said: “The continued use of traditional headwear that offers only limited protection has to be reviewed in an activity where serious head injuries are an ever-present risk.”
It announced the following morning: “The Royal Windsor Horse Show is continuing as planned, with the omission of The King’s Troop, Royal Horse Artillery display.”
After the shocking incident, Chief Superintendent Michael Loebenberg said: “We are appealing for anyone with information or material relating to the sad death of a military rider at Royal Windsor Horse Show yesterday to please get in touch.”
“At this stage, we have not found any suspicious circumstances. We are working with the Ministry of Defence, the Defence Accident Investigation Branch and Royal Windsor Horse Show organisers HPower to gather as much information as possible to understand how this happened.”
Buckingham Palace released a statment, saying that the King was “greatly shocked and saddened” by the tragedy.
The monarch also conveyed his condolences privately to her family.
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