IMF warns Iran war disruptions are pushing global economy towards ‘adverse’ scenario; growth risks rise

The International Monetary Fund (IMF) warned that continued disruptions from the Iran war are pushing the global economy closer to an adverse scenario marked by slower growth, tighter financial conditions and rising inflation risks. The Iran-Israel conflict has disrupted the Middle East and severely affected movement through the Strait of Hormuz, leading to a sharp rise in global energy prices. The IMF is engaged in active discussions with several member countries facing economic pressures from the conflict.