WS #11320
OECD warns prolonged Strait of Hormuz disruption could drag global growth to 1.8%, tipping some countries into recession. OPEC crude output surged 2.34 million bpd in June as Persian Gulf members restored exports after US-Iran peace accord, countering oil supply crisis. Trump's acting intel chief begins purge of top officials, potentially impacting defense and intelligence contractors.
OECD slashes global growth forecast
OECD warns prolonged Strait of Hormuz disruption could drag global growth to 1.8%, tipping some countries into recession.
OPEC crude output surged 2.34 million bpd in June as Persian Gulf members restored exports after US-Iran peace accord, countering oil supply crisis.
Trump's acting intel chief begins purge of top officials, potentially impacting defense and intelligence contractors.