(Corrects forecast year to 2026 in final paragraph from 2025) <\/p>\n
WASHINGTON, June \u200c25 (Reuters) – The International Monetary Fund \u200csaid on Thursday that it has seen energy \u200band commodity prices fall since the U.S.-Iran agreement to halt hostilities and reopen the Strait of Hormuz, but it \u200cwill take \u2060time for prices and Gulf trade flows to normalize. <\/p>\n
IMF spokesperson \u2060Julie Kozack said that in the next update of its World Economic \u200bOutlook on \u200bJuly 8, the \u200bFund will decide \u200cwhether to continue with the three growth scenarios that it presented in April that depended on Iran war outcomes. <\/p>\n
As the Strait of Hormuz remained closed \u200cin May, keeping benchmark \u200boil prices above $100 \u200bper barrel, Kozack \u200bhad said that the \u200cglobal economy was moving \u200bfrom the \u200bmore benign “reference forecast,” which had assumed a quick end to the conflict, \u200bto \u200can “adverse scenario” with 2.5% global growth \u200bfor 2026. <\/p>\n
(Reporting by David Lawder, Editing \u200bby Franklin Paul) <\/p>\n","protected":false},"excerpt":{"rendered":"(Corrects forecast year to 2026 in final paragraph from 2025) WASHINGTON, June \u200c25 (Reuters) – The International Monetary…\n","protected":false},"author":2,"featured_media":555537,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[174],"tags":[79,44524,179,18,19,16243,17,13583,168834],"class_list":["post-555536","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-commodity-prices","tag-economy","tag-eire","tag-ie","tag-international-monetary-fund","tag-ireland","tag-oil-prices","tag-strait-of-hormuz"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116817455224676091","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/555536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=555536"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/555536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/555537"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=555536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=555536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=555536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}