{"id":31812,"date":"2026-04-14T11:47:32","date_gmt":"2026-04-14T09:47:32","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=31812"},"modified":"2026-04-14T11:47:32","modified_gmt":"2026-04-14T09:47:32","slug":"iea-imf-world-bank-warn-middle-east-war-shock-still-rippling-through-energy-food-jobs","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/iea-imf-world-bank-warn-middle-east-war-shock-still-rippling-through-energy-food-jobs\/","title":{"rendered":"IEA, IMF, World Bank warn Middle East war shock still rippling through energy, food, jobs"},"content":{"rendered":"<div data-olk-copy-source=\"MessageBody\">Meeting under a coordination group established in early April, the three institutions said the conflict has pushed up global prices for oil, gas and fertilisers, intensifying concerns about food security, job losses and broader economic disruption. They noted that while some energy importers are facing surging costs, some oil and gas producers in the Middle East have also suffered a sharp loss of export revenue as trade flows have been disrupted.<\/div>\n<div><\/div>\n<div><\/div>\n<div>The organisations said the situation remains volatile and that shipping through the Strait of Hormuz has not yet returned to normal. They cautioned that even after regular flows resume, it will take time for global supplies of key commodities to recover to pre\u2011conflict levels. They also warned that fuel and fertiliser prices could remain elevated for an extended period due to damage to infrastructure and ongoing supply bottlenecks.<\/div>\n<div><\/div>\n<div><\/div>\n<div>According to the joint statement released on Monday, shortages of critical inputs are expected to spill into multiple sectors, including energy, food production and other industries. The institutions added that forced displacement, disruption to jobs and declines in travel and tourism will likely take time to reverse.<\/div>\n<div><\/div>\n<div><\/div>\n<div>The leaders said they shared updated assessments ahead of the release on Tuesday, April 14, of the IEA\u2019s monthly Oil Market Report and the IMF\u2019s World Economic Outlook. They also discussed the countries most affected by the shock and the support options available through their institutions.<\/div>\n<div><\/div>\n<div><\/div>\n<div>They said their teams are coordinating closely, including at the country level, to provide tailored policy advice. The IMF and World Bank will also provide financial support where needed, within their respective mandates. The three institutions pledged continued monitoring of the war\u2019s impact on energy markets, the global economy and individual countries, and said they would keep coordinating their response with other international organisations to support a resilient recovery that delivers stability, growth and jobs.<\/div>\n<div><\/div>\n<div><\/div>\n<div>&#8211;IMF\/ChannelAfrica&#8211;<\/div>\n","protected":false},"featured_media":31813,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-31812","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The heads of the International Energy Agency (IEA), the International Monetary Fund (IMF) and the World Bank Group have warned that the economic and energy shock from the war in the Middle East remains severe, highly uncertain and disproportionately harmful to low-income countries that import energy.","published_date":"","news_description":"The heads of the International Energy Agency (IEA), the International Monetary Fund (IMF) and the World Bank Group have warned that the economic and energy shock from the war in the Middle East remains severe, highly uncertain and disproportionately harmful to low-income countries that import energy.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/31812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/31812\/revisions"}],"predecessor-version":[{"id":31814,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/31812\/revisions\/31814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/31813"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=31812"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=31812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}