- The IMF reduced the UK GDP growth forecast to 0.8 percent for 2026 citing extreme exposure to energy price shocks
- Brent crude prices have surged to approximately 106 dollars per barrel following the closure of the Strait of Hormuz
- Saudi Aramco reports a loss of 100 million barrels of supply each week due to ongoing Middle East disruptions
- Central banks including the Reserve Bank of India are warning of imminent retail fuel hikes to manage rising import costs
- Market analysts project that prolonged energy supply instability could delay global economic normalization until late 2027
IMF warns of global recession risk if oil prices remain elevated through 2027
May 13, 2026, 1:56:01 PM UTC(6 hours ago)
Impact: Very High
Affected Assets
Sources
From:@DeItaone
IMF: THERE IS A RISK OF A RECESSION IF OIL PRICES REMAIN HIGH UNTIL 2027
