‎Saudi actions mitigate Hormuz disruption impact: IMF

‎Saudi actions mitigate Hormuz disruption impact: IMF ‎Saudi actions mitigate Hormuz disruption impact: IMF

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Logo ofInternational Monetary Fund (IMF)

Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), said Saudi Arabia’s early response to the US-Iran conflict and the disruption of shipping through the Strait of Hormuz helped contain the crisis fallout and underscored the kingdom’s resilience.

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Speaking to Al Eqtisadiah, Azour added that in the first weeks of the conflict, Saudi Arabia rerouted oil shipments across the East-West pipeline, easing price pressures triggered by the strait’s closure. He also praised efforts to keep transit flowing through ports and airports, including hosting aircraft from multiple countries.

 

Logo ofInternational Monetary Fund (IMF)

Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), said Saudi Arabia’s early response to the US-Iran conflict and the disruption of shipping through the Strait of Hormuz helped contain the crisis fallout and underscored the kingdom’s resilience.

Speaking to Al Eqtisadiah, Azour added that in the first weeks of the conflict, Saudi Arabia rerouted oil shipments across the East-West pipeline, easing price pressures triggered by the strait’s closure. He also praised efforts to keep transit flowing through ports and airports, including hosting aircraft from multiple countries.

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