Finance Ministers Call for Full Ceasefire in Iran Conflict Amid Economic Concerns
Finance ministers from nearly a dozen countries, led by Britain, have urged the U.S., Israel, and Iran to fully implement a ceasefire in the ongoing conflict. The ministers issued a joint statement during the IMF and World Bank spring meetings, highlighting the war's detrimental effects on the global economy and markets. They warned that even with a resolution, the conflict's impacts on growth, inflation, and markets would persist. The statement also called for avoiding protectionist measures that could further disrupt global supply chains.