The IMF warns a global recession looms if the Strait of Hormuz stays closed, Virgin Australia flags higher fares as fuel costs rise. Plus, the share market jumps on hopes of a US-Iran deal.

<p>The IMF warns a global recession looms if the Strait of Hormuz stays closed, Virgin Australia flags higher fares as fuel costs rise. Plus, the share market jumps on hopes of a US-Iran deal.</p>

As the market closes each day, Ross Greenwood brings you breaking business news you can’t afford to miss.

<p>As the market closes each day, Ross Greenwood brings you breaking business news you can&rsquo;t afford to miss.</p>

Business Now with Ross Greenwood

Business Now | 15 April

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