- 3d ago
Ifo business climate rises to 86.6 in July, beating forecasts despite Hormuz conflict
The Ifo business climate index climbed 0.9 points to 86.6, its third straight monthly gain, while the expectations gauge surged. Yet economists warn the survey largely missed the latest oil price spike and the Straits of Hormuz standoff.
- Jun 16
US and Iran agree on framework to end war and reopen Strait of Hormuz, boosting markets
A framework agreement between the United States and Iran to end the months-long war and reopen the Strait of Hormuz sent oil prices down 5% and lifted global stock markets on Monday, though economists cautioned that the economic damage would take time to heal.
