The International Monetary Fund has warned that the ongoing conflict involving the United States, Israel, and Iran could trigger a global energy crisis. Rising tensions in the Middle East have already disrupted oil and gas supplies, pushing prices higher and raising fears of inflation worldwide.
According to the IMF, the war has thrown the global economy off course, with growth projections for 2026 downgraded to 3.1 percent. Officials cautioned that prolonged instability in the region could push oil prices above $120 per barrel, severely impacting energy-importing nations.
The Fund highlighted that vulnerable economies, particularly in developing countries, face the greatest risks from surging energy and food costs. Supply chain disruptions through the Strait of Hormuz have further intensified concerns over global trade and food security.
IMF Managing Director Kristalina Georgieva stated that even a fragile ceasefire would not offset the inflationary pressures caused by the conflict. She urged coordinated international efforts to stabilize energy markets and prevent the crisis from escalating into a global recession.
