The International Monetary Fund (IMF) stated yesterday that the Iran war has wide-ranging implications for energy, trade, global supply chains, and financial markets. It also represents a significant burden on the global economy. The fund described the conflict as a 'global shock,' but not a 'symmetrical' one, noting that it primarily affects three channels: energy prices, trade, and financial conditions. The IMF particularly highlighted that the disruption of energy supplies is the most serious threat. The fund warned of rising global inflation and weakened economic growth. Amid concerns about rising food prices, given that approximately one-third of global fertilizer shipments pass through the Strait of Hormuz, these fears are escalating.
