IMF, IEA and World Bank launch global ‘war room’ on Middle East crisis

The heads of the International Energy Agency (IEA), the International Monetary Fund (IMF) and the World Bank said on Wednesday they would form a joint coordination group to strengthen their response to the severe economic and energy fallout from the war in the Middle East, according to Reuters. In a joint statement, the three institutions said the conflict had caused major disruption across the region and triggered one of the largest supply shortages in the history of global energy markets. “At these times of high uncertainty, it is paramount that our institutions join forces to monitor developments, align analysis, and...