IMF's Georgieva Warns High Energy Prices Could Persist Even if Gulf War Ends

High energy prices are likely to persist even if the current conflict in the Gulf region ends, International Monetary Fund Managing Director Kristalina Georgieva has warned, according to a report by TASS.

Georgieva said price pressures could build further in the coming months as countries work to replenish depleted energy reserves and as demand rises with the approach of the Northern Hemisphere's cold season, the report said.

The warning reflects concern among international financial officials that energy markets remain vulnerable to continued volatility even after acute phases of regional conflicts subside, given the time it can take for supply chains and stockpiles to recover.

TASS's report did not specify which Gulf conflict Georgieva was referring to or provide additional detail on the specific countries or regions the IMF expects to be most affected by sustained high energy prices.

Energy price volatility has been a recurring concern for the global economy in recent years, with disruptions in major producing regions contributing to inflationary pressures that central banks and international institutions have had to factor into their economic outlooks.

The report did not include additional comment from Georgieva on specific policy recommendations for governments facing elevated energy costs this winter.