IMF, World Bank, World Food Programme warn of rising food prices due to Iran war

WASHINGTON: (Apr 9) The International Monetary Fund, the World Bank and the World Food Programme have said that the war in the Middle East has triggered one of the largest disruptions to global energy markets and will inevitably lead to rising food prices and food insecurity.

In a joint statement, the heads of the three organisations said the burden of rising food prices will fall most heavily on the world’s most vulnerable populations.

“The Middle East war is upending lives and livelihoods in the region and beyond. It has already triggered one of the largest disruptions to global energy markets in modern history.