India, April 14 -- Global agencies warn West Asia war impact is "highly asymmetric"

Energy-importing and low-income countries hit hardest by rising costs

Oil, gas and fertiliser prices surge amid supply disruptions

Strait of Hormuz risks and infrastructure damage deepen global uncertainty

The ongoing war in West Asia is sending shockwaves across the global economy, with rising oil, gas and fertiliser prices hitting poorer and energy-importing countries the hardest, according to a joint warning by the heads of the International Energy Agency (IEA), International Monetary Fund (IMF) and World Bank Group.

The impact is "substantial, global, and highly asymmetric," the organisations said in a joint statement on April 14, 2026, warning th...