The International Monetary Fund says it remains on “high alert” regarding potential damage from the Middle East war to the global economy, even after a U.S.-Iran agreement is announced to reopen the Strait of Hormuz. In its assessment, the IMF warns that energy markets and supply conditions will not stabilize immediately, noting that restoring energy supplies will take time. The IMF’s warning focuses on the broader economic implications of disruption risk and volatility tied to the region’s role in global energy transport. The outlets report that the U.S. and Iran move toward reopening the Strait of Hormuz, a key shipping route for oil and gas, which could help reduce uncertainty around supply routes. However, the IMF emphasizes that the effects of the war and prior disruptions can continue to weigh on prices, trade flows, and economic activity in the near term. Overall, the IMF message is that, despite signs of progress on a specific corridor, risks to the global economy remain elevated and require continued monitoring.