IMF, World Bank and IEA leaders say they will continue to work together to respond to world’s greatest energy shock ever

Birol says assessing the situation regarding need for further release of reserves, and ready to act immediately if needed. Birol says April energy impact of war may be worse than March, notes no Country will remain unscathed. Birol says some countries are adding stocks to their existing reserves and adding export restrictions, which is not comforting markets. IMF chief says continued closure of strait of Hormuz for prolonged period will result in more severe impact on growth and inflation.