IMF, World Bank, others warn Middle East war is straining energy supplies
Global financial institutions have expressed concern over the impact of the ongoing Middle East war on energy supplies. The conflict has disrupted trade and raised prices, particularly affecting vulnerable economies. Leaders from the IMF, World Bank, and other organizations are discussing responses to mitigate these economic challenges.
- ▪The war in the Middle East is straining global energy supplies.
- ▪The conflict is disproportionately affecting poorer countries through higher fuel and fertilizer prices.
- ▪U.S. President Donald Trump is considering a potential deal with Iran regarding a ceasefire.
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IMF, World Bank, others warn Middle East war is straining energy suppliesSign up now: Get ST's newsletters delivered to your inboxFILE PHOTO: A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman/File PhotoPublished May 30, 2026, 03:59 AMUpdated May 30, 2026, 03:59 AMMay 29 - The heads of the International Energy Agency, International Monetary Fund, World Bank and World Trade Organization warned on Friday that the war in the Middle East was straining global energy supplies and hitting vulnerable economies hardest.The U.S.-Israel war on Iran has disrupted trade, rattled financial markets and raised concerns over global energy supplies, particularly through the Strait of Hormuz, a key route for oil and…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Straits Times — World.