US Treasury Secretary said a "small bit of economic pain" was worth it to eliminate the threat of Iranian strikes on Western capitals.
The financial body cuts its growth forecast for the UK and warns the war threatens to throw the global economy "off course".
The BBC’s Michelle Fleury explains why oil, inflation and interest rates are key risks as the IMF warns war and soaring energy prices could hit the global economy.
The BBC's Orla Guerin travels to the edge of the critical waterway that Iran has put a stranglehold on.
The US-Israel Iran war has halted almost all traffic in a key waterway and the price Brent crude has surged.
Larry Fink also warns if oil prices stay high for a sustained period it will have "profound implications" for the world economy.
Countries around the world are feeling the impact of the conflict and the resulting energy price shock.
A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.
Scott Bessent says that "likely sometime this week" the US will increase its global tariff on imports from the existing 10%.
