US strikes on Iran could damage global growth, says IMF chief | Global economy

The International Monetary Fund President warned.

Director Kristalina Georgieva said Bloomberg TV closely monitors the energy prices of the IMF to TV, and an increase in oil prices may have a fluctuation effect throughout the global economy.

“There may be secondary and third effects,” he said. “Let’s say there are more turbulence in large economies that multiply the expectations of growth – then the downward revisions in global growth expectations have a triggering effect.”

The Iranian Parliament voted to close the vital transport channel through retaliation against Donald Trump’s attack on the country and the weekend Hormuz Strait. One -fifth of world oil consumption flows from the Hormuz, which connects the Gulf of Basra to the Gulf of Oman and the Arab Sea.

If the throat is closed, it can create an oil supply shock that increases energy prices, increases inflation and strikes economic growth.

The oil price initially increased by more than 5% on Sunday and the highest level of five months was $ 81.40 (£ 60.58), but then returned. On Monday, Brent Hamır decreased by about 1%to the barrel slightly above $ 76.

According to the new forecasts of the investment bank Goldman Sachs, oil flow from the critical water road has been halved for a month and the price may reach $ 110 per barrel when it drops 10% for the next 11 months.

US Secretary of State Marco Rubio warned that Iran’s closure would be “economic suicide, and forced China to influence Tehran on this issue.

“I encourage the Chinese government in Beijing to call them about it, because they are largely relying on the Strait of Hormuz for oil.”

Berenberg Bank’s chief economist Holger Schmieding argued that the Hormuz Strait was “key economic risk to monitor, but a deduction in the Gulf region is not“ possible ”because it would be a high -risk strategy for threat to limiting energy exports.

Analysts at the Broker RBC Capital Markets said that there is “open and current risk of energy attacks” that may come from Iran -backed militias operating near the Basra energy facilities in Iraq. However, they added that the Iranian reaction could take days or weeks.

“First of all, at this stage, the worst of all of all of us’ will get hot,” we explained. “President Trump may have done a ‘upgrade for an increase’ movement successfully, but at this point, a wider expansion cannot be excluded. We can be at the matrix of Rumsfeld ‘unknown unknown’ in these nine -day Middle East military conflict.”

According to the ship data monitoring data compiled by Bloomberg, U -turn in the weekend Hormuz Strait after US air strikes, each of which can move about 2 meters barrel of crude oil. He reported that the tankers had entered the Bosphorus of Lake Coswisdom and South Ladakati, but changed the course on Sunday and sail from the Persian Gulf to the south.

Global stocks were suppressed on Monday. In the UK, the FTSE 100 Blue Chip Index fell by 0.2%and oil companies BP and Shell were among a small number of amplifiers.

In Asia, stocks were mixed, Japan’s Nikkei 225 Index 0.1%and Australia’s S&P/ASX 200 index fell by 0.4%. However, China’s CSI 300 increased by 0.3% and Hang Seng won 0.5% from Hong Kong.