IMF spokesperson Kozack said at a press conference on the 10th that the global economy is on track to achieve the forecast 3% growth rate in 2026. She said the impact of higher energy prices stemming from the US-Iran conflict is being "somehow weathered." Against the backdrop of risks that the US-Iran conflict could drag on, crude oil futures broke through 100 dollars per barrel on the 10th, hitting their highest level in about three and a half months since late May. Kozack stressed that "the energy shock is not over," and expressed concern that, combined with soaring fertilizer and food prices, "the process of inflation slowing has somewhat stalled."
US-Iran conflict-driven energy shock lifts Brent crude futures above $100/bbl.
US-Iran conflict energy shock pushes WTI above $100/bbl, highest in ~3.5 months.
