📈 Global Economic Strains: IEA, IMF, WBG, and WTO Coordinate Response

Heads of major global institutions met to assess the energy, trade, and economic impact of the war in the Middle East, focusing on vulnerable countries and international trade resilience. • Overall Impact: The global economy has shown broad resilience, though the impact remains highly uneven. Some economies are facing growth slowdowns and heightened inflation, leading to ongoing concerns about price stability and growth. • Energy & Commodities: Fuel and fertilizer prices dropped through June, but energy markets and the transit of goods face continued strains. High uncertainty remains regarding long-term market stability. • Trade & Logistics: Restoring security in the Strait of Hormuz and maintaining global freedom of navigation are critical priorities. Structural recommendations emphasize the need for enhanced port infrastructure, trade facilitation, and supply chain resilience. • Institutional Next Steps: The organizations will closely monitor developments, adapt country-specific support, and work to strengthen national resilience across energy, food, and trade sectors.