The oil shock could add around 0.5 percentage point to global inflation, creating additional challenges for policymakers already grappling with elevated price pressures.

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WASHINGTON (AP) — The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; ...

The escalating conflict in the Middle East could trigger a new wave of global inflation if energy prices continue to rise, International Monetary Fund (IMF) Managing Director Kristalina Georgieva ...

The IMF managing director warned that sustained increases in oil prices linked to the Middle East conflict could contribute to higher global inflation if energy costs remain elevated.

Georgieva said shipping activity through the Strait of Hormuz has dropped by about 90%. The narrow waterway is one of the most important energy routes in the world.

The International Monetary Fund Managing Director highlighted that sustained increases in energy costs could complicate the global fight against inflation., Economy, Times Now ...

IMF Managing Director Kristalina Georgieva warned that a sustained rise in oil prices due to the Middle East conflict could push global inflation higher.