Three major international financial institutions announced plans to coordinate their response to economic disruptions caused by the ongoing conflict in the Middle East.

The International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank said they would work together to address the war's impact on global markets and economic stability. The coordination effort comes as the conflict continues to create uncertainty in energy markets and broader economic conditions.

The Middle East conflict has created ripple effects beyond the immediate region, affecting various sectors of the global economy. Energy markets have been particularly sensitive to developments in the war, given the region's significant role in global oil and gas production.

The three institutions have not yet released specific details about what joint measures they plan to implement or the timeline for their coordinated response. The announcement represents a recognition that the conflict's economic impacts require multilateral coordination among major international financial bodies.