Middle East Shock to Global Economy: Gulf conflict is being framed as a “whole-economy” hit, with Strait of Hormuz disruption rippling into fertiliser, helium for semiconductors, and broader trade—while oil and supply losses are running into the hundreds of billions. Oil & Metals Watch: Oil prices eased on hopes of de-escalation, but analysts warn supply risks remain; silver steadied as investors await U.S. inflation data that could keep rates higher for longer. IMF Signals for Costa Rica & Nigeria: Costa Rica’s IMF review praises stability but warns against complacency and urges pending reforms; Nigeria’s government says the IMF validated Tinubu-era reforms, citing FX market improvements, fiscal steps, and banking resilience. South Africa Growth—But Caution: South Africa’s Q1 GDP rose 0.5% (better than expected), yet economists warn Middle East-driven fuel and confidence pressures may weigh on momentum. Local Economy & Jobs: Wisconsin tourism hit a record $27B impact in 2025; a Wisconsin employer survey finds most firms think the state’s business climate is heading the wrong way. Work & Hiring Dynamics: Indeed says free job postings will get less consistent visibility, pushing employers toward paid listings. Policy & Industry Moves: Nepal launches a “Decade for Promoting Domestic Employment,” while Armenia advances draft steps toward full state control of ENA. Business & Markets: Several Indian brokerage notes reiterate bullish calls on consumer and finance names, alongside upgrades in power utilities.