OPEC & International Monetary Fund

OPEC: The OPEC is affected by the United Arab Emirates' decision to quit the group, which will complicate efforts to balance the oil market through supply adjustments.

International Monetary Fund: The International Monetary Fund acknowledged its limited ability to mitigate economic damage from geopolitical shocks, pledged financing assistance, and warned of a worsening global economic outlook due to the conflict.

OPEC: OPEC, of which Iran is a member, could see reduced crude exports from Iran due to the United States blockade, although Iran may sustain production by storing oil.

International Monetary Fund: The International Monetary Fund downgraded its forecast for global growth and increased its expectation for global inflation due to the Iran war, warning of a potential recession in a severe scenario.

OPEC: OPEC and its allies, known as OPEC+, announced they would raise oil output targets by 188,000 barrels per day in June for seven members, marking the third consecutive monthly increase.

International Monetary Fund: The International Monetary Fund head stated that even if the conflict ended immediately, it would take three to four months to deal with the consequences, highlighting the economic impact.