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How the Iran War Could Impact Merchandise Trade Growth

World Trade Organization Chief Economist Robert Staiger discusses the impact of the ongoing conflict in the Middle East on trade. Speaking on Bloomberg Television, he says the WTO was already predicting a fall in merchandise trade from 4.6% in 2025 to 1.9% in 2026, but the effect of the war on energy prices could lower the growth further. "The growth rate would be 1.4% that we're predicting in 2026," Staiger says. He also talks about the impact of the Iran war on services trade.

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Bloomberg

Oil Market Faces 'Higher for Longer' Risk: Saxo Bank

Ole Hansen, commodity strategy head at Saxo Bank, discusses the impact of the ongoing conflict in the Middle East on energy markets as oil heads for another weekly gain. Speaking on Bloomberg Television, Hansen says everything "points to a higher for longer" scenario. "It will take time to get that supply back, so higher for longer seems to be the risk right now," he adds.

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Bloomberg

Rühl: US Almost Out of Options to Keep Oil Price Low

Attacks on oil and gas infrastructure in the Arabian Gulf have escalated in the past two days. After a rebuke from President Trump, Israel says it will no longer target energy assets after its attack on an Iranian gas field sparked retaliatory strikes, cause oil and gas prices to surge. Crystol Energy Global Advisor, Christof Rühl, says the US is running out of methods to keep the oil price low if the Strait of Hormuz isn't reopened. He spokes to Joumanna Bercetche on Horizons Middle East and Africa.

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