EconomyHigh energy prices to persist even if Gulf war ends, IMF’s Georgieva warns
IMF Managing Director Kristalina Georgieva warned that high energy prices could persist even if the war involving the US, Israel and Iran ends soon. Threats to shipping through the Strait of Hormuz are severely limiting Gulf LNG supplies, hitting Asia and Europe particularly hard. Rebuilding reserves and rising demand before the Northern Hemisphere cold season could intensify price pressures, inflation and interest rates.
People in this report Kristalina Georgieva
High energy prices to persist even if Gulf war ends, IMF’s Georgieva warns