ENERGY

IMF warns Iraq crisis could lead to higher oil prices

She said the annual meeting at the IMF would also focus on weak economic growth, Ukraine and the Ebola outbreak. (File Photo: AFP)

IMF managing director Christine Lagarde has warned that the crisis in Iraq could lead to a rise in global oil prices.

“So far, the impact of the conflict on oil prices has been contained. But if the conflict were to intensify and lead to a further disruption in Iraq’s exports, it could trigger higher global oil prices and weakening confidence,” she told the London-based daily ash-Sharq al-Awsat in an interview published Sunday.

Lagarde said the turmoil in the Middle East would be at the center of the annual Meetings of the International Monetary Fund (IMF) which is scheduled for Oct. 10 to Oct. 12 in Washington.

She added that the annual meeting would also focus on weak economic growth, Ukraine and the Ebola outbreak.
 

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Last Update: Sunday, 5 October 2014 KSA 15:56 - GMT 12:56
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IMF warns Iraq crisis could lead to higher oil prices
Lagarde said the turmoil in the Middle East would be at the center of the annual Meetings of the International Monetary Fund (IMF)
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