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Financial institution and UN specialized agency
The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world". The IMF acts as a lender of last resort to its members experiencing actual or potential balance of payments crises.
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The International Energy Agency has urged its 32 member countries to accelerate promised diesel stock releases as global supply tightens.
IEA chief Fatih Birol urges members to speed March stock drawdowns, prioritize diesel and assess extra releases ahead of Oct. 15 meeting amid market strains.
Aramco warns the global oil supply cushion is dangerously thin, with inventories potentially taking two years to replenish once Hormuz reopens, leaving markets vulnerable to further shocks.