The International Monetary Fund says its earlier projections for the economic impact of the war involving Iran no longer hold, as risks to global growth and prices increase.
Managing Director Kristalina Georgieva said previous expectations of a limited slowdown and modest price rises have been overtaken by developments.
She warned that a prolonged conflict could have far more serious consequences.
“If the war continues into 2027 and oil prices remain at $125 a barrel, we have to expect a much worse outcome.”
