The International Monetary Fund has stated that commodity prices have declined following the easing of tensions in the Middle East and progress toward the reopening of the Strait of Hormuz, although a full return to stability is expected to take time.
IMF spokesperson Julie Kozack said the recent conflict tested the resilience of the global economy, affecting key markets such as energy and raw materials.
According to the IMF, oil prices have retreated from the highs reached during the period of heightened tensions. However, they remain roughly 10% higher than they were before the conflict began.
The Fund also noted declines in the prices of aviation fuel, natural gas, and several key commodities, including base metals and chemical fertilizers. Despite these decreases, prices are still above their pre-crisis levels.
The IMF emphasized that the economic impact of the conflict continues to be assessed through commodity prices, inflation trends, and global financial conditions, all of which remain sensitive to geopolitical developments.
The gradual reopening of the Strait of Hormuz and the reduction of regional tensions have improved market confidence, but the IMF cautioned that global economic stability will depend on the sustainability of diplomatic efforts and continued recovery in international trade flows.
