Iran war hurting global economy as IMF meeting begins; oil falls on peace hopes – business live

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• Task for the week: limit the fallout from biggest oil shock in decades

The boss of banking giant HSBC has warned that the conflict in the Middle East is starting to hurt client confidence.

Georges Elhedery also told Bloomberg TV that broader “uncertainties” weighing on confidence too, saying:

“We’re saddened and concerned with what’s happening in the Middle East, and we’re concerned not just with what’s happened, but also with how long this will take.

Unfortunately, some of these uncertainties have initially started to weigh on general confidence.