- Good Friday Agreement: The Good Friday Agreement was signed on April 10, 1998, in Belfast, Northern Ireland. It brought an end to the decades-long conflict known as "The Troubles" and paved the way for peace and power-sharing in Northern Ireland.
- Asian financial crisis: The Asian financial crisis, which began in July 1997, continued to impact economies across Asia and beyond in 1998. The crisis led to currency devaluations, stock market crashes, and recessions in several countries, including South Korea, Thailand, and Indonesia.
- Bombings of US embassies in Africa: On August 7, 1998, the US embassies in Nairobi, Kenya, and Dar es Salaam, Tanzania, were bombed. The attacks, carried out by the Al-Qaeda terrorist network, killed 224 people and injured over 5,000.
- Hurricane Mitch: Hurricane Mitch was one of the deadliest and most destructive hurricanes in recorded history. It hit Central America in October 1998, causing widespread damage and loss of life in countries like Honduras, Nicaragua, and Guatemala. The death toll from the hurricane is estimated to be in the thousands.
- Impeachment of Bill Clinton: In December 1998, the US House of Representatives voted to impeach President Bill Clinton on charges of perjury and obstruction of justice related to the Monica Lewinsky scandal. However, the Senate ultimately acquitted him in early 1999.
These are just a few examples of some major world events that occurred in 1998.