NEW DELHI: When finance ministers and central bank chiefs had met at the IMF-World Bank meeting in Marrakech in October, they had said that Israel’s attack on Gaza was unlikely to leave a major scar on the global economy, unless it spread. As they reassemble in Washington, the escalation in tension over the weekend following Iran’s drone offensive is certainly weighing on their minds, amid warnings that the geopolitical situation could take a fresh toll.
The first order impact is likely on oil, with the nervousness visible in Friday’s trade itself. Global benchmark brent crude hit $92.2 a barrel, the highest since October.
The first order impact is likely on oil, with the nervousness visible in Friday’s trade itself. Global benchmark brent crude hit $92.2 a barrel, the highest since October.
