Iranian President Masoud Pezeshkian said on Tuesday his country had the "necessary will" to end the ongoing war with Israel and the United States, but is seeking guarantees that the conflict would not be repeated.

"We possess the necessary will to end this conflict, provided that essential conditions are met, especially the guarantees required to prevent repetition of the aggression," Pezeshkian said in a phone conversation with the president of the European Council, according to a statement from his office, reiterating a key demand of Tehran's.

António Costa said in a social media post after that call that “the current situation in the Middle East is extremely dangerous” and urged Iran to de-escalate.

“To de-escalate the situation, I urged Iran to stop the unacceptable attacks on countries in the region and to engage positively on the diplomatic track, notably with the UN to ensure the freedom of navigation in the Strait of Hormuz,” he wrote on X. (Euronews – Continue Reading)

Headline consumer price growth in the euro area climbed sharply in March after a month of war in the Middle East sparked a surge in energy costs.

In a preliminary report, the EU statistics office Eurostat said annual Eurozone inflation last month increased to 2.5% -- its highest since January 2025 – to fall short of the market estimate of 2.7% but handily outpace the 1.9% reading in February. This rise pushed the measure well above the ECB’s medium-term target of 2.0%.

The less-volatile euro area core rate slipped to 2.3% y/y from last month’s 2.4%, which was also the forecast. (LiveSquawk - Continue Reading)

Advanced economies are grappling with a pernicious mix of high and rising public debt and persistent inflation. The textbook remedy for this twin challenge is a mix of monetary and fiscal policies: central bank commitment to lower inflation backed by credible fiscal adjustment to stabilize debt. But geopolitical fragmentation today augurs a world where rising risks of supply disturbances threaten stagflation pressures and demands on fiscal policy exacerbate outstanding imbalances. The new global equilibrium is not yet defined, but fiscal sustainability and macroeconomic stability during a rocky transition will likely require policymakers across advanced and emerging market economies to accept moderate—if temporary—higher-than-desired inflation.

After the global financial crisis, the monetary-fiscal policy mix was the key to preventing a more severe and persistent downturn. Two conditions determined its success. First, both policies pushed in the same direction, stimulating aggregate demand without destabilizing the fiscal outlook, while countering deflationary pressure. Second, international relations still largely echoed the postwar cooperation of Bretton Woods. This may no longer be true (Corsetti 2025). The policy mix model doesn’t work as well given today’s frequent and large supply disturbances, which stem from, or are amplified by, policy decisions that deepen trade fragmentation and geopolitical imbalances and challenge the postwar global economic and monetary order. (IMF – Continue Reading)

Warren Buffett said he sold Apple too soon and would buy more of it, though not in the current market.

“I sold it too soon. But, I bought it even sooner, so,” Buffett told CNBC’s Becky Quick in an interview Tuesday on “Squawk Box″ in which he announced he’s bringing back his famed charity lunch.

Apple remains Berkshire Hathaway’s largest holding even after the conglomerate trimmed its stake to $61.96 billion at the end of last year, according to InsiderScore.

However, Buffett said Tuesday that he would continue to add to the position if it gets cheaper. He said the iPhone maker is not yet attractive even after falling more than 14% off its recent high, and dropping more than 6% this month. That’s amid turmoil in the broader market, with both the Dow Jones Industrial Average and the Nasdaq Composite in a correction. (CNBC – Continue Reading)