International organizations warn: Escalating conflicts are putting pressure on energy supplies and threatening global food security

Washington, DC – Reports issued by the International Monetary Fund (IMF), the International Energy Agency (IEA), and the World Bank have warned of the repercussions of ongoing tensions and wars on the global economy, emphasizing that escalating conflicts directly impact energy prices and increase pressure on food supply chains.

The three institutions explained that disruptions to oil and gas supplies resulting from geopolitical conflicts drive prices to high levels, which in turn affect production and transportation costs, leading to a new wave of inflation hitting global markets, particularly in developing countries.

The reports also indicated that war negatively impacts the agricultural sector, both through disrupting exports and increasing fertilizer and energy prices, threatening to exacerbate the food crisis and increase hunger rates in many regions around the world.

They stressed that the continuation of these conditions could hinder economic recovery efforts, calling for enhanced international cooperation to ensure the stability of energy markets and secure food supply chains, especially in light of current economic challenges.