The Economic Times

IEA, IMF and World Bank to form a coordination group for Middle East conflict impact

Global financial bodies are uniting to tackle the Middle East conflict's fallout. The International Energy Agency, IMF, and World Bank will coordinate responses to energy and economic shocks. This group will assess impacts, coordinate aid, and mobilize support for affected nations. Higher prices for oil, gas, and fertilizers are already a concern, impacting food security and global supply chains.