April 22, 2026
United States:
US and Iran Deadlocked Over Hormuz After Trump Extends Truce
US President Donald Trump indefinitely extended a ceasefire with Iran after the two sides failed to meet for more peace talks, with the war developing into a game of brinkmanship over the critical Strait of Hormuz.
Trump said Pakistan, the main mediator between the warring sides, asked the US to hold off on a threatened resumption of airstrikes, after Tehran said it wouldn’t attend the planned negotiations in Islamabad.
Europe:
Germany Halves Growth Forecast for 2026 After Hit From Iran War
Germany cut its growth forecast for this year in half after the US war on Iran triggered a spike in energy prices for industry and households.
German output is set to grow by 0.5% this year, the Economy Ministry in Berlin said Wednesday. That compares with a January projection for a 1% expansion.
Asia:
Japan’s Export Growth Quickens as China Returns from Holidays
Japan’s exports grew at a faster clip in March as demand in China rebounded, while the Middle East conflict hasn’t yet had much impact on imports.
The value of overall exports rose 11.7% in March from a year earlier, accelerating from a revised 4% pace in February, the Finance Ministry reported Wednesday.
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