{"id":49019,"date":"2026-04-13T03:01:16","date_gmt":"2026-04-13T03:01:16","guid":{"rendered":"https:\/\/agooka.com\/news\/usa\/imf-director-says-shock-from-us-iran-war-is-already-baked-into-the-economy\/"},"modified":"2026-04-13T03:01:16","modified_gmt":"2026-04-13T03:01:16","slug":"imf-director-says-shock-from-us-iran-war-is-already-baked-into-the-economy","status":"publish","type":"post","link":"https:\/\/agooka.com\/news\/usa\/imf-director-says-shock-from-us-iran-war-is-already-baked-into-the-economy\/","title":{"rendered":"IMF director says shock from US-Iran War is already &#8216;baked&#8217; into the economy"},"content":{"rendered":"<figure><img decoding=\"async\" src=\"https:\/\/i.insider.com\/69dc2c9605c9b303c4e77622?format=jpeg\" alt=\"A plume of smoke rises above Tehran after a strike on March 3.\"\/><figcaption>A plume of smoke rises after a strike on Tehran on March 3. The US and Israeli war on Iran has upended the global economy.<\/p>\n<p>ATTA KENARE \/ AFP<\/p>\n<\/figcaption><\/figure>\n<ul>\n<li>The director of the International Monetary Fund, Kristalina Georgieva, outlined the Iran war&#039;s impact.<\/li>\n<li>Kristalina Georgieva said it&#039;s already &quot;baked&quot; into the economy.<\/li>\n<li>&quot;We are going to see some drag of this crisis over the year,&quot; Georgieva said.<\/li>\n<\/ul>\n<p>War has ravaged the Middle East for 43 days, but the damage could take years to repair.<\/p>\n<p>Kristalina Georgieva, the director of the International Monetary Fund, said the impact of the Iran war is already &quot;baked&quot; into the economy on CBS News&#039; &quot;Face the Nation &quot; on Sunday.<\/p>\n<p>She tallied the conflict&#039;s hits to energy: sitting tankers that can&#039;t move to their destinations, dozens of energy infrastructure sites hit across the Gulf, and missile and drone attacks on Qatari gas fields that will take years to repair.<\/p>\n<p>&quot;We are going to see some drag of this crisis over the year, but if we have peace, of course, conditions are likely to improve faster,&quot; she said.<\/p>\n<p>The prospect of peace looked promising on Tuesday evening, as President Donald Trump announced a two-week ceasefire deal with Iran. The deal marked a turning point and eased investor fears of a prolonged conflict that could drive oil prices higher, fuel inflation, and push the US toward a recession.<\/p>\n<p>The immediate reaction from investors was relief. On Tuesday, stocks climbed, while bond yields and oil prices fell. Both Brent crude and US oil dropped. Brent crude settled at $94.50 a barrel, while West Texas Intermediate closed at $95.98.<\/p>\n<p>But by Sunday, negotiations fell through, and Trump announced a blockade of the Strait of Hormuz \u2014 a crucial shipping channel. Oil prices topped $100 a barrel when the markets reopened at 6 p.m. in New York.<\/p>\n<p>&quot;Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,&quot; he said in a post on Truth Social on Sunday.<\/p>\n<p>The ongoing conflict has driven up gas prices, which reached an average of $4 a gallon on March 31.<\/p>\n<p>Read the original article on Business Insider<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A plume of smoke rises after a strike on Tehran on March 3. The US and Israeli war on Iran has upended the global economy. ATTA KENARE \/ AFP The director of the International Monetary Fund, Kristalina Georgieva, outlined the Iran war&#039;s impact. Kristalina Georgieva said it&#039;s already &quot;baked&quot; into the economy. &quot;We are going [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-49019","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-usa"},"_links":{"self":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/49019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/comments?post=49019"}],"version-history":[{"count":0,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/posts\/49019\/revisions"}],"wp:attachment":[{"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/media?parent=49019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/categories?post=49019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agooka.com\/news\/wp-json\/wp\/v2\/tags?post=49019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}