IMF FLAGS OIL PRICE RISK FROM IRAN WAR IMF says global oil prices are ~3% above levels used in its April 3.1% global growth baseline. It estimates Iran-related disruptions have curtailed ~14M barrels/day of production, with price outlook tied to reopening of the Strait of Hormuz. IMF also expects global oil reserves to fall to a five-year low of 7.5B barrels in July, down from 8B barrels before the conflict began.(*Walter Bloomberg)