The International Monetary Fund (IMF) and the World Bank issued a highly critical joint warning on April 14, 2026, regarding the potentially catastrophic repercussions of the ongoing conflict in the Middle East region on the broader prospects of the global economy. The extensive financial report specifically highlighted economies that are entirely dependent on oil revenues, placing the Iraqi economy at the absolute forefront, pointing out an alarming decrease in Iraqi oil exports directly influenced by severe complications in supply chains and escalating security tensions in vital regional waterways. Economic experts sternly emphasized that the continuation of this intense geopolitical uncertainty will inevitably lead to sharp, unpredictable fluctuations in global energy prices, which fundamentally disrupts the public budgets of developing nations and aggressively drives up inflation rates worldwide. International financial institutions urgently called on Baghdad to accelerate the implementation of radical, comprehensive structural reforms to diversify its sources of income and avoid excessive, dangerous reliance on black gold revenues.