IMF warns Middle East crisis threatens global energy prices and trade
IMF expresses concern over rising energy prices and trade disruptions from Middle East conflict. The global monetary body stated it's closely monitoring the situation after US-Israel strikes entered fourth day. IMF warned conflict adds to economic uncertainties, noting disruptions to trade and energy, market volatility, and fluid situation. Impact assessment premature but depends on conflict duration. April World Economic Outlook to provide comprehensive analysis. Key developments: Strait of Hormuz targeted, shipping routes disrupted, airlines suspended operations, fuel supply affected. Nigeria advised to strengthen refineries to mitigate external shocks.