ReferIndia News Global Energy Crisis: Urgent International Call to Prevent Hoarding

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Global Energy Crisis: Urgent International Call to Prevent Hoarding

Published on: April 14, 2026, 2:58 a.m. | Source: Devdiscourse

The IMF, World Bank, and IEA have urged nations to refrain from hoarding energy supplies amid the most significant shock to the global energy market. Rising oil prices and geopolitical tensions, especially around the Strait of Hormuz, threaten economic stability. Coordinated efforts are essential to mitigate growth and inflation impacts.

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