UN Secretary-General Guterres says Strait of Hormuz navigation issues are disrupting global energy, transport, manufacturing, and food markets, strangling the global economy.

Japan announces first loans under its $550 billion commitment to US projects, beginning with infrastructure and energy funding.

Japan announces the first loans as part of the nation’s $550 billion commitment to US projects.

ECB's Joachim Nagel says the economic situation is evolving less favorably than the March baseline.

ECB's Joachim Nagel stated that the economic situation is evolving less favorably than the March baseline.

Indonesia plans to cut the maximum commission ride-hailing companies can take from drivers to 8%.

Indonesia plans to reduce the maximum commission that ride-hailing companies can take from their drivers to 8%.

Singapore Prime Minister Lawrence Wong warns of slowing economic growth in the city-state this year, citing the prolonged closure of the Hormuz Strait and the ongoing war on Iran.

Singapore Prime Minister Lawrence Wong stated that the city-state's economic growth is expected to slow this year due to the ongoing closure of the Hormuz Strait and the continuation of the war on Iran.