Europe is facing soaring fuel prices due to the sharp rise in oil prices fueled by tensions in the Middle East. This has led many European countries to consider tax cuts, price capping, or profit control to ease the financial burden on consumers. According to the President of the European Commission, Ursula von der Leyen, in just a month and a half, the EU’s total energy bill has increased by more than 22 billion euros ($25.91 billion), a substantial increase.
India has proposed that the United States settle the dispute through negotiation, reinforcing its defense against two U.S. investigations under Article 301. India rejects allegations of “structural overcapacity” and inadequate measures against forced labor, urging the U.S. to end these investigations.
The conflict in the Middle East could exacerbate inflationary tensions, warned Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). Georgieva highlighted the risk of inflation spreading to food prices amid U.S. and Israeli airstrikes against Iran, leading to the near-closure of the vital oil and fertilizer shipping route of the Strait of Hormuz.
The United States achieved a record in oil exports on April 15. American exports of crude oil and petroleum products reached a record level of 12.7 million barrels per day. This surge occurred as the Strait of Hormuz was nearly paralyzed since early March due to military actions by the U.S. and Israel against Iran.
The British Parliament has initiated an investigation into the trade deal with the United States. The investigation will focus on the economic relations between the UK and the US, particularly the “Economic Prosperity Agreement” signed in 2025. The UK has raised concerns about the agreement’s non-binding terms.
President Donald Trump has reaffirmed his threats to dismiss Federal Reserve Chair Jerome Powell, insisting that the investigation into the central bank’s headquarters renovation must continue. While Powell’s term as Fed chair is ending, he still has two years left as a governor.
Official data published on April 16 revealed that the Chinese economy grew by 5.0% in the first quarter, exceeding experts’ forecasts. This growth of 5.0% marks a significant improvement from the lowest level of 4.5% in three years in the fourth quarter of 2025.
G7 finance ministers met in Washington on April 15 to discuss the global economic repercussions of the Israeli-Iranian conflict. Amid rising energy prices and disruptions to global supply chains, the meeting focused on fostering solidarity within the G7 to address increasingly complex economic challenges.
(Source: https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-1642026-20260416210630227.htm)
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