Nigeria, April 14 -- A coordination group comprising the International Energy Agency (IEA), the World Bank Group and the International Monetary Fund (IMF) expects fuel prices to remain under pressure amid the current Middle East conflict involving Iran, Israel and the US.

"Even after a resumption of regular shipping flows through the Strait, it will take time for global supplies of key commodities to move back towards their pre-conflict levels-and fuel and fertiliser prices may remain high for a prolonged period given the damage to infrastructure," the global body said in a joint statement issued late on Monday.

"Due to supply disruptions, shortages of key inputs are likely to have implications for energy, food, and other industries," i...