Mideast Conflict Could Still Trigger Market Turmoil, IMF Warns

Conflict in the Middle East could yet trigger the kind of turmoil that markets have so far avoided, the International Monetary Fund warned, adding its voice to a rising chorus of concern about the financial stability impact of the war.

In a blog accompanying its semi-annual dispatch on the risks facing the world’s financial system, the IMF said that while markets had shown a “degree of resilience” since the conflict began in February, this “should not be taken at face value.”