IMF, World Bank, IEA coordinate to curb economic fallout of the Iran war
“The impact is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries,” according to a statement from the heads of the three institutions.
World in energy crisis worse than 1970s’ oil shocks combined
The world is facing a worse energy crisis than the twin oil shocks of the 1970s and the fallout of the Ukraine war combined, the head of the International Energy Agency (IEA) has warned.