Explanation

In April 2026, Russia is identified as a major beneficiary of rising oil prices caused by the US-Iran conflict.

As the U.S. eased sanctions to manage global supply, Russia increased sales, with estimates showing tax revenue from its largest oil tax.

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Explanation

The United States hosted the direct Lebanon–Israel talks in April 2026, which took place in Washington, DC.
These meetings, held around April 14, 2026, were the first direct, high-level diplomatic talks between Lebanese and Israeli officials in decades, aimed at ending fighting involving Hezbollah.

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Explanation

The International Monetary Fund (IMF), the World Bank Group (WBG), and the International Energy Agency (IEA) formed a coordination group and issued joint statements in April 2026 warning that the escalating conflict of the United States and Iran in Middle East poses severe risks to the global economy.

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Explanation

Pakistan was the primary mediator that helped stop the war between the U.S. and Iran in 2026 by brokering a two-week ceasefire. This diplomatic breakthrough, dubbed the Islamabad Accord, was announced on April 7, 2026, just before a U.S. deadline for escalation.

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Explanation

The draft UN Security Council resolution aimed at reopening the Strait of Hormuz was introduced and led by Bahrain in April 2026.

 Pakistan and Colombia abstained.

This resolution was vetoed by both Russia and China.

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