IMF Raises Global Growth Outlook Despite Middle East Tensions
The IMF upgraded its global growth outlook, citing concerns about a more persistent energy market disruption than anticipated.
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Global Oil Demand Starts Rebound, IEA Warns Hormuz Still Unstable
Global energy demand has started to recover as oil shipments through the Strait of Hormuz partially resumed in June, the International Energy Agency (IEA) said. Renewed fighting between the US and Iran has added uncertainty to that outlook and international crude prices. Oil consumption has rebounded from a May low, th