Caroline Hepker

And I'm Caroline Hepker.

There is a growing chorus of voices warning about the longer-term economic impact from the U.S.-Israeli war.

The International Monetary Fund will be downgrading its global growth forecast for this year when it publishes later today.

But HSBC CEO George L. Hedry tells Bloomberg that the fallout from the conflict is already beginning to dent his client's confidence.

The CEO of Europe's largest bank isn't the only one worried.

Looking at all prices, Executive Director of the International Energy Agency, Fatih Birol, says the worst is yet to come.

Fatih Birol told reporters that he expects prices to rise, warning that it could take up to two years to recover production from damaged energy facilities.

That's bad news for the likes of Schroders CEO Richard Oldfield, who is warning oil prices above $100 a barrel is the pain point for growth.

The boss of the asset management firm says that he's telling his clients not to panic.

IMF Chief Kristalina Georgieva summed up the ominous noises, saying ahead of her forecast today, quote, buckle up.

Italy's Prime Minister Giorgia Maloney has called the US President's tirade against the Pope unacceptable.

Her comments follow a verbal clash between Pope Leo and President Trump after the head of the Catholic Church said that God does not bless conflict and that Christ's disciples are never on the side of those who drop bombs.

That prompted an angry response from the US President who said that the pontiff was, quote, weak on crime.

Speaking on a flight to Algeria, the Pope later vowed to keep criticising war.

The Pope's latest comments came as President Trump removed an image from social media showing himself in robes healing a sick patient, which appeared to depict him as a Christ-like figure.

Following criticism from his conservative supporters, Trump later denied the image's religious connotations.

President Trump has had several run-ins with the Catholic Church since returning to office, including last year when the White House posted an image of him dressed as the pontiff shortly after the death of Pope Francis.

Those are our top stories for you this morning.

Look at the markets.

Oil prices currently down 1.8% for Brent crude futures, trading at $97.67, so well below $100 a barrel.