🌏 World News

March 26th, 2026

Today's top 5 stories, curated by Daily Direct.

Al Jazeera English

Germany warns of world economic ‘catastrophe’; OECD cuts UK growth forecast

Global economic alarm bells are ringing as Germany raises the specter of catastrophe and the OECD downgrades its UK growth outlook, both tied to mounting instability surrounding the conflict with Iran. The warnings underscore how quickly geopolitical shocks translate into real economic damage for Western economies. With the war approaching its one-month mark, markets and policymakers are bracing for sustained disruption rather than a swift resolution.

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Straits Times

World order has irrevocably changed, says WTO chief

The head of the World Trade Organization has declared that the global order has undergone a permanent shift, signaling that business as usual is no longer an option for international trade. WTO Director-General Ngozi Okonjo-Iweala called on member nations to move beyond short-term fixes and commit to structural reform of the trading system. The statement underscores growing pressure on multilateral institutions to adapt as geopolitical fractures and economic nationalism reshape global commerce.

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Straits Times

Trump says Iran’s ‘present’ to US was allowing 10 oil tankers through Hormuz

Iran allowed 10 oil tankers to pass through the Strait of Hormuz, a move President Trump framed as a goodwill gesture as he pushes Tehran toward a broader negotiated agreement. The strait is one of the world's most critical energy chokepoints, with roughly 20% of global oil supply passing through it. Whether the passage signals genuine diplomatic momentum or a tactical pause by Iran remains the central question for energy markets and foreign policy watchers alike.

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Al Jazeera English

Video shows Israeli strike hitting displacement camp in Gaza

An Israeli airstrike struck a displacement camp in Deir el-Balah, with footage capturing the moment of impact on a tent settlement housing Palestinians forced from their homes. The strike adds to mounting international concern over civilian casualties in densely populated refuge areas. The incident is the latest in a series of strikes on sites sheltering displaced people throughout the Gaza conflict.

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SCMP

UN designates African slave trade as ‘gravest crime against humanity’

The UN General Assembly passed a landmark resolution declaring the transatlantic African slave trade "the gravest crime against humanity," with 123 nations voting in favor. The measure, opposed by the US, Israel, and Argentina, while Britain and EU member states abstained, signals growing international momentum toward formal accountability. Advocates view the designation as a critical foundation for future reparations discussions.

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