ECONOMY

IMF Warns Iran Conflict Is Straining Global Economy

PUBLISHED Apr 12, 2026, 2:28 PM ET

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Washington — IMF Managing Director Kristalina Georgieva said on April 12 that the Iran war, which began Feb. 28, has caused a large disruption to global energy supplies, with about 13% of oil and 20% of gas flows stalled. She made the remarks in interviews and ahead-of-meeting speeches as the IMF prepares spring meetings. The IMF warned this shock will likely slow global growth and has signaled a downgrade when new forecasts are published next week; Georgieva said effects are uneven and that poorer, energy-dependent importers face the greatest strain. This week’s IMF-World Bank spring meetings will prioritize policy responses to ease price pressures and address supply disruptions.

By Adyan K. | JQJO News

Timeline of Events

Feb. 28, conflict in Iran begins and disrupts regional energy operations.
January, IMF had upgraded global growth outlook to 3.3% prior to the shock.
April 10, Georgieva speaks at IMF curtain-raiser ahead of Spring Meetings.
April 12, Georgieva gives interviews citing 13% oil and 20% gas flows stalled.
Next week, IMF to release downgraded global growth forecasts at Spring Meetings.

News Intelligence

The Iran conflict is shaking up global energy supplies. This means you could see higher prices at the gas pump and on your utility bills. Keep an eye on your energy spending. If prices rise, consider energy-saving measures at home.

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Who Benefited

Energy-exporting countries and commodity traders have received higher revenues and price gains as supply disruptions from the Iran war pushed up oil and gas prices, while alternative-energy sectors and some producers of non-fossil fuels may benefit from accelerated demand shifts.

Who Impacted

Energy-importing nations, low-income countries, farmers reliant on fertilizer shipments, and consumers have faced higher costs and strained reserves due to disrupted oil, gas, and fertilizer supplies originating from the Iran war and related infrastructure damage.

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