Caroline Hepker

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

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

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

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

Now, in corporate news, sales of luxury conglomerate LVMH's biggest division fell at the beginning of this year as conflict hurt demand in the key shopping hub of Dubai.

Blueberg's Tiwa Adebayo has more.

Those are our top stories for you this morning.

Looking at the markets, so some relative calm, it seems, in all markets today, at least.

Brent crude futures are down by 1.5%, trading below $100 at $97.83, with hopes of more US-Iran talks, possibly.

Shares in Asia are up on the back of that.

MSCI Asia-Pacific Index is up 1.7%.

You see a 3.3% jump higher today.

For the Cospi index, European stock futures also gaining four tenths of one percent.

In terms of data today, Chinese exports slowed sharply in March.

That's notable.

Ten-year Treasury yields easing a basis point to 4.28 percent.

And we also have a slightly softer dollar on the Bloomberg Dollar Spot Index.

Those are the markets.

I'm Caroline Hepka.

And this is Bloomberg.