IMF Expert Warns of Recession from Middle East Conflict

Economists at the International Monetary Fund indicate that withdrawals from strategic oil reserves have helped to curb the rise in oil prices caused by the war in the Middle East. However, the world faces significant recession risks if hostilities resume. Oil reserves are now limited, reducing countries' ability to maneuver should the conflict reignite, with warnings that geopolitical tensions could lead to greater divisions in the global economy.

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