IMF Says Iran War Means Higher Prices, Slower Growth Worldwide

The International Monetary Fund warned that the US-Israeli war against Iran threatens a “global, yet asymmetric” shock, dimming the outlook for economies that were just recovering from previous crises.

Countries in Africa and Asia that are heavily dependent on oil imports are already finding it increasingly hard to access needed supplies, “even at inflated prices,” the world’s financial firefighter said in a blog post published on Monday.