IMF: Energy prices drop post Iran deal
The International Monetary Fund pointed to a decline in energy and commodity prices following the agreement between the United States and Iran to halt hostilities and open the Strait of Hormuz. However, it clarified that the return of prices and trade flows in the Gulf region will take time. It also mentioned that the global economy has shifted from an optimistic scenario to a less optimistic one, with an estimated growth of 2.5% in 2026, as the closure of the Strait of Hormuz in May continued, keeping oil prices above $100 per barrel.
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