The heads of major global financial organizations, including the International Monetary Fund (IMF), World Bank, International Energy Agency, and World Trade Organization, issued a warning on Friday regarding the adverse effects of the ongoing conflict in West Asia on global energy supplies. They noted that the US-Israel war against Iran has disrupted trade routes and caused instability in financial markets, particularly affecting the Strait of Hormuz, a crucial passage for oil and gas shipments. While the global economy remains resilient, the conflict is disproportionately impacting poorer nations through escalated fuel and fertilizer prices, increased uncertainty, and job risks. The leaders convened to discuss strategies for mitigating the economic fallout from the war. They cautioned that if normal shipping operations do not resume, the swift depletion of global oil inventories could pose serious threats to fuel security and market conditions, especially as peak oil demand approaches in the Northern Hemisphere. President Donald Trump is anticipated to announce a decision regarding a ceasefire deal with Iran, which could involve reopening shipping routes and addressing concerns about Iran's nuclear capabilities.