The Heads of the International Energy Agency (IEA), International Monetary Fund (IMF), World Bank Group (WBG), and World Trade Organization (WTO) have reiterated their call for an end to the ongoing war in the Middle East, alongside the reopening of the Strait of Hormuz.
In a joint statement issued on July 8, 2026, following a meeting held in Washington, DC on July 7, The Heads stated that the meeting was aimed at taking stock of energy, trade, and economic developments, discussing the situation in vulnerable countries, and further coordinating support to those in need.
The institutions noted that per their assessment the overall impact of the conflict has been highly uneven, affecting energy supplies, food security, various commodities, and economic activity across many countries and regions, and creating deeper concerns about growth and price stability.
On energy prices, the Heads however flagged the continued uncertainty, adding that the war’s consequences may not fade quickly.
They further stated that energy markets and the transit of goods are still facing strains, urging governments and the international community to remain vigilant.
The institutions stressed the need for continued cooperation to uphold the principle of freedom of navigation in the Strait and globally, support economic recovery, protect jobs and livelihoods, strengthen energy and food security, and increase broader resilience to future shocks.
They assured that they will continue working with each other and with their member countries to closely monitor energy, trade, and economic developments, and will strengthen their readiness to act further if needed.
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