The International Monetary Fund said on Thursday it has seen energy and commodity prices fall since the U.S.-Iran agreement to halt hostilities and reopen the Strait of Hormuz, but it will take time for prices and Gulf trade flows to normalize.
IMF spokesperson Julie Kozack told a news briefing that in the next update of its World Economic Outlook on July 8, the Fund will decide whether to continue with the three growth scenarios it presented in April that depended on Iran war outcomes.
