IMF, IEA and World Bank warn of summer fuel shortages if Hormuz remains shut
The IMF, International Energy Agency and World Bank have warned of possible summer fuel shortages if maritime traffic through the Strait of Hormuz does not resume normal flow quickly. In a joint statement, the three institutions said global oil inventories are being depleted at a record pace because of the significant loss of supplies passing through the strait. They said the continued rapid decline in global stockpiles would increase risks to fuel security, market stability and broader economic resilience if shipping flows are not restored before peak summer demand in the Northern Hemisphere. The statement did not give a timeline... [Continue Reading]
Breaking-360LiveNews | 30 May 2026 07:00 LONDON
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