World's Top Economic Bodies Warn Hormuz Disruptions Are Draining Oil Inventories at Record Pace

The heads of four of the world’s top economic and energy institutions issued a rare joint warning Friday, saying ongoing disruptions to shipping through the Strait of Hormuz are creating growing risks for global energy supplies, food security, and economic stability.

In a joint statement following a high-level coordination meeting, leaders from the International Energy Agency, International Monetary Fund, World Bank Group, and World Trade Organization said the conflict in the Middle East is having “substantial and highly asymmetric impacts” across regions, with the heaviest burden falling on vulnerable economies.

The statement comes as global shipping through the Strait of