Across 10 stories in the last 7 days. Consensus facts are claims corroborated across multiple sources; disputed claims reflect source disagreements.
Singapore's Ministry of Trade and Industry reported 6% year-on-year GDP growth for Q1 on May 25, with the 2026 forecast unchanged at 2-4%. Growth was driven by wholesale trade, manufacturing, and finance and insurance sectors. The data showed 1% quarter-on-quarter expansion, below the prior quarter's 1.3%.
Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the Fed could implement a series of rate hikes if Middle East turmoil drives inflation. Reports indicate US military strikes near Bandar Abbas and exchanges of fire in the Strait of Hormuz, alongside ongoing negotiations in Qatar. US officials denied escorting commercial shipping and a specific WSJ report on naval assistance.
Nikkei Asia reported on May 26, 2026, that the US and Iran are discussing a plan to reopen the Strait of Hormuz approximately 30 days after any deal ending hostilities. Iran's Foreign Ministry spokesperson stated that Tehran remains far from signing and that obstacles persist. The reporting relies on a single anonymous diplomatic source and has not been corroborated by additional outlets.