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During a conference on Asia in 2050 held in the Thai capital, Georgieva emphasized that “we live in a world where shocks are more frequent and unexpected, and for some time we have been warning our members that uncertainty is now the new norm.”
The responsible party warned about the potential impact of the conflict: “This conflict, if it continues, could affect global energy prices, market sentiment, and inflation.”
Read more: War: Iran’s military chief of staff denies launching missile against Turkey
The conflict began on Saturday with a joint offensive by Israel and the United States against Iranian targets, leading to responses from Tehran and threats to navigation in the Strait of Hormuz and the Persian Gulf, which has already caused increases in oil prices and volatility in financial markets.
