Global Growth Drag from Iran War: A World Bank report warns the US-Iran conflict could keep global growth near a pandemic-low environment, with energy, shipping, fertilizer and food shocks lingering into 2027. UK Economy Slips: The UK contracted 0.1% in April, with services hit by disruptions tied to the Middle East conflict. Energy-First Policy Push (US): Treasury Secretary Scott Bessent argues “energy dominance” is the base layer for tax, trade and deregulation—aimed at boosting manufacturing and AI competitiveness. Cuba Reform Package: Díaz-Canel announced steps to liberalize parts of Cuba’s state economy, including more private activity and foreign-currency access, as sanctions pressure deepens. China Infrastructure Boost: China began construction on the Three Gorges new waterway, aiming to massively raise cargo capacity and improve river-sea shipping. Pakistan Budget Reaction: Small traders welcomed a 1% fixed tax but warned fuel and electricity costs remain a growth brake. Nigeria Gas Drive: Nigeria’s petroleum minister urged investors to expand gas access to power industrialization and jobs. Markets & Prices: Gold and silver jumped on safe-haven demand amid uncertainty. Gig Work Rules: The ILO adopted a global treaty to protect gig economy workers.