ISTANBUL, April 14 — The International Energy Agency (IEA), the International Monetary Fund (IMF) and the World Bank Group warned Monday that fuel and fertiliser prices could remain elevated for an extended period even if normal shipping flows through the Strait of Hormuz resume, citing supply chain damage and delays in restoring global commodity flows. In a joint statement, the three institutions said the impact of the West Asia war is “substantial, global, and highly asymmetric”, disproportionately affecting energy importers, particularly low-income countries, Anadolu Ajansi reported. They said the shock has pushed up oil, gas and fertiliser prices, raising concerns over food security and job losses, while some producers in the region have also suffered sharp losses in export revenue. The statement said shipping through the Strait of Hormuz has not yet normalised and warned that even after flows resume, it will take time for global supplies of key commodities to recover to pre-conflict levels. It added that shortages of critical inputs caused by supply disruptions could spill over into energy, food and other sectors, while forced displacement, weaker employment, and reduced travel and tourism may also take time to reverse. “Today, we shared our latest assessments ahead of the release this Tuesday, April 14, of the IEA’s monthly Oil Market Report and the IMF’s World Economic Outlook. We also discussed the situations of the countries most affected by the shock as well as the responses by our institutions,” the statement said. “Our teams are working closely, including at the country level, to leverage our respective expertise and help countries through tailored policy advice and, in the case of the IMF and World Bank, financial support where needed.” The institutions said they would continue coordinating support for member countries and monitoring the fallout from the war on energy markets and the global economy. “We will continue to monitor closely and assess the impact of the war on energy markets, the global economy and individual countries, and coordinate our response and support to our member countries—working with, and drawing on, other international organisations’ expertise as needed to lay the foundations for a resilient recovery that delivers stability, growth and jobs,” the statement added. — Bernama-Anadolu
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During the U.S. maritime blockade from April to mid-June, authorities report that over 140 vessels were redirected and nine were disabled near the Strait. These figures, which appear to relate to a specific U.S. initiative, should be independently verified.
The Islamic Revolutionary Guard Corps is structured into five main branches, including the Ground Forces, Aerospace Force, Navy, Quds Force, and Basij, under a command hierarchy that reports to the Supreme Leader. Reports indicate the organization maintains a substantial economic portfolio, estimated by some analyses to represent 20-40% of Iran’s economy, while also wielding significant political influence.
Recent developments since February 2026 suggest ongoing adjustments to its operational structure in response to heightened security threats.
UNHCR estimates the Afghan national population in Iran at 4.4 million as of January 2026, encompassing both registered and unregistered refugees. Reports indicate this group may face compounded risks due to factors such as pre-existing socioeconomic marginalization, insecure legal status, and limited access to services alongside exposure to displacement.
On March 10, 2026, reports indicated that recent developments in the region may have broader implications for global energy markets, maritime transport, and supply chains. The full extent of these cross-border effects remains subject to ongoing assessment.