Amid Middle East war pressures on energy and inflation, policymakers must safeguard financial stability: ensure market liquidity backstops are ready, central banks act decisively, fiscal paths stabilize debt, Basel III is completed, and oversight and data‑sharing for NBFIs are strengthened: https://www.imf.org/en/publications/gfsr/issues/2026/04/14/global-financial-stability-report-april-2026(IMF)