The International ​Monetary ⁠Fund said on ‌Tuesday it ​was closely monitoring ​developments in the ​Middle East, noting disruptions to ⁠trade and economic activity, surging energy ​prices ‌and increased ⁠financial ⁠market volatility.

The IMF ​said ‌it was ⁠too early to assess the economic impact on the region or globally, ‌which will depend on the ⁠extent ​and duration of the conflict.

(Reporting ​by ‌Rajveer ⁠Singh Pardesi ​in Bengaluru)