Tehran is reviewing the US text and has not yet responded

Bank of Japan board member Koeda says the economy is unlikely to worsen sharply, but developments in the Middle East could alter the outlook. BOJ board member Koeda says inflation should be managed with monetary policy measures. BOJ board member Koeda says the central bank has time before its June policy meeting to evaluate the balance between price and economic growth risks. BOJ board member Koeda says the central bank’s role in combating inflation with monetary policy is stronger now than in the past.

US MESSAGE HAS REDUCED GAPS TO AN EXTENT: IRAN'S ISNA

UAE SAYS IRAN ATTEMPT TO CONTROL HORMUZ "PIPE DREAM

EU COMMISSION: FRANCE 2026 BUDGET DEFICIT SEEN AT 5.1%, GERMAN 2026 BUDGET DEFICIT SEEN AT 3.7% EU COMMISSION: EXPECTS EURO ZONE AGGREGATED BUDGET DEFICIT FOR 2026 AT 3.3%, SAME AS PREVIOUS FORECAST Spring 2026 Economic Forecast: Slowdown in growth as energy shock drives up inflation Before the outbreak of the conflict in the Middle East, the global economy was gaining momentum. A challenging geopolitical environment and US tariff uncertainty continued to weigh on growth, but easing inflation and a robust investment cycle related to the unfolding AI revolution provided important support. The EU economy was likewise strengthening while inflationary pressures were further abating. Weak competitiveness was a source of concern and public finances required attention, but the economy also showed resilience, including a robust labour market and solid private sector balance sheets. The conflict materially changed this picture, delivering one of the most significant global energy supply disruptions in recent history—coming less than five years after the energy shock triggered by Russia’s war of aggression against Ukraine.