Agencies warn vulnerable economies may need up to $50bn amid supply shock Last updated: May 30, 2026 | 11:02 Receiving fuel from tanker Several international organisations, including the International Monetary Fund (IMF), the International Energy Agency (IEA) and the World Bank, have warned of the risk of fuel shortages this summer if maritime traffic through the Strait of Hormuz does not return to normal swiftly. In a joint statement, the heads of the three institutions said global oil inventories were being depleted at a record pace due to the significant loss of supplies passing through the Strait of Hormuz. They warned that the continued rapid decline in global stockpiles would pose growing risks to fuel security, market stability and broader economic resilience if shipping flows are not restored before peak summer demand in the Northern Hemisphere.…