Washington, United States, May 29, 2026 (AFP) - IMF, World Bank, IEA chiefs warn of summer fuel scarcity if Hormuz strait remains closed

NAMPA / AFP

2026-05-29

The heads of the International Monetary Fund, World Bank and International Energy Agency warned on Friday of the risks to fuel security during peak demand summer months if oil shipping through the Strait of Hormuz does not return to normal. "Global oil inventories are being drawn down at a record pace in response to the major loss of supply through the Strait of Hormuz," the heads of the agencies said in a joint statement. "If shipping flows do n......

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