The Iran war has stalled the world's economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday.

The IMF downgraded its forecast for global growth to 3.1% in 2026 from the 3.3% it had forecast back in January. The expected growth would mark a deceleration from a 3.4% expansion in 2025.

Wall Street was on track to extend its rally and oil prices fell Tuesday as expectations rose over a possible second round of talks between the U.S. and Iran to end their war.

Futures for the S&P 500 rose 0.3% before the opening bell, while futures for the Dow Jones Industrial Average ticked up 0.1%. Nasdaq futures climbed 0.5%.

Canadian Prime Minister Mark Carney returns to Parliament on Tuesday with more power after he secured a majority government by sweeping three special elections.

Carney's Liberals now have 174 of the 343 seats in the House of Commons and won't need support from opposition parties to pass legislation after winning three districts that became vacant after last year's election.

Pope Leo XIV is following in the footsteps of his spiritual father, St. Augustine, making a pilgrimage to the archaeological ruins of eastern Algeria where the fifth-century titan of early Christianity lived, died and wrote some of the most important works in Western thought.

Leo's visit to Annaba, the modern-day Hippo, is a spiritual homecoming for the American pope on his second full day in Algeria. He arrived Monday on the first-ever papal visit, against the backdrop of the war in Iran and his calls for peace that have sparked a feud with U.S. President Donald Trump.

French President Emmanuel Macron and British Prime Minister Keir Starmer will co-chair a conference Friday in Paris, bringing together non-belligerent nations willing to participate in a mission in the Strait of Hormuz “when security conditions allow.”

Other participants will take part via videoconference, Macron’s office said. European and other partners are ready to contribute to a “purely defensive mission aimed at restoring freedom of navigation in the Strait of Hormuz,” the statement said.

Lebanon and Israel are set to hold the first direct diplomatic talks in decades on Tuesday in Washington following more than a month of war between Israel and the Hezbollah militant group that has rocked the tiny Mediterranean country.

U.S. Secretary of State Marco Rubio will take part in the talks in Washington with Israeli Ambassador to the U.S. Yechiel Leiter and Lebanese Ambassador to the U.S. Nada Hamadeh Moawad.

Ukrainian President Volodymyr Zelensky met Tuesday in Berlin with German Chancellor Friedrich Merz, whose country is one of Ukraine's biggest supporters, as Kyiv battles to defeat Russia's all-out invasion, now in its fifth year.

German Defense Minister Boris Pistorius was also holding talks with his counterpart, Mykhailo Fedorov, the former Ukrainian digital transformation chief who took up his new post in January and is credited with advancing military drone technology.

A former student opened fire at a high school in southeast Turkey on Tuesday, wounding at least 16 people before killing himself, an official said.

The 18-year-old attacker, armed with a shotgun, fired randomly at a vocational high school in Siverek, Sanliurfa province, before hiding inside the building. He later killed himself with the same shotgun, Gov. Hasan Sildak said.

Liverpool is aiming for another famous Champions League comeback against Paris Saint-Germain on Tuesday.

The six-time European champion trails 2-0 after the first leg of the quarterfinal in Paris. But it is hoping for the type of Anfield night that saw it rout Barcelona 4-0 in the semifinals in 2019 to overturn a 3-0 first leg loss.

Barcelona and Atletico Madrid meet for the fifth time in less than two months on Tuesday, with the Catalan club needing to overcome a two-goal disadvantage to return to the Champions League semifinals.

Atletico is at home to defend its 2-0 win from the first leg and try to make it to the last four of the European competition for the first time in nearly a decade.