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IMF Warns War on Iran Is Sending Shockwaves Through Global Economy
(MENAFN) The ongoing conflict in the Middle East is creating a significant disruption to global energy supplies, with serious consequences for economic growth worldwide, according to statements cited in reports.
The escalation involving Iran, along with strikes on energy infrastructure across the region, has intensified pressure on international markets. According to reports, these developments have driven oil prices higher and increased fuel costs globally, while also constraining shipments through the Strait of Hormuz—one of the world’s most critical energy transit routes.
According to statements from IMF leadership cited in reports, the situation represents a “shock” to global energy supply that is both widespread and uneven in its impact. Countries that depend heavily on imported fuel are expected to be hit the hardest.
The disruption has already led to measurable declines in energy flows. Reports indicate that global oil transport has dropped by around 13%, while shipments of liquefied natural gas have decreased by approximately 20%.
Officials warned that even under the most optimistic outlook, the global economy is now likely to experience slower growth than previously expected. “Had it not been for this shock, we would have been upgrading,” one official said, emphasizing that earlier projections had anticipated stronger economic performance.
The long-term effects are also a concern. According to statements cited in reports, damage to infrastructure, ongoing supply interruptions, and reduced market confidence are expected to leave lasting “scars” on the global economy.
The escalation involving Iran, along with strikes on energy infrastructure across the region, has intensified pressure on international markets. According to reports, these developments have driven oil prices higher and increased fuel costs globally, while also constraining shipments through the Strait of Hormuz—one of the world’s most critical energy transit routes.
According to statements from IMF leadership cited in reports, the situation represents a “shock” to global energy supply that is both widespread and uneven in its impact. Countries that depend heavily on imported fuel are expected to be hit the hardest.
The disruption has already led to measurable declines in energy flows. Reports indicate that global oil transport has dropped by around 13%, while shipments of liquefied natural gas have decreased by approximately 20%.
Officials warned that even under the most optimistic outlook, the global economy is now likely to experience slower growth than previously expected. “Had it not been for this shock, we would have been upgrading,” one official said, emphasizing that earlier projections had anticipated stronger economic performance.
The long-term effects are also a concern. According to statements cited in reports, damage to infrastructure, ongoing supply interruptions, and reduced market confidence are expected to leave lasting “scars” on the global economy.
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