IMF: The Middle East war may cause oil prices to reach 130 dollars in 2027
Oct 13, 2026 10:08:43
The IMF World Economic Outlook report indicates that in a scenario of escalating war in the Middle East, oil prices will reach $130 per barrel in the first quarter of 2027, leading to a 0.2 percentage point decline in global economic growth in 2026 and a 0.5 percentage point decline in 2027.