EBRD Weighs Support for Nations Impacted by Iran War

The EBRD is planning support for businesses facing energy and food shocks from the war in Iran. Programs will help countries manage rising costs and debt.

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The European Bank for Reconstruction and Development (EBRD) is currently evaluating support initiatives designed to help businesses navigate the economic repercussions of the ongoing war in Iran. Now in its third week, the conflict has driven global oil prices above $100 per barrel and severely disrupted the transit of essential goods, including food and fertilizers, through the strategic Strait of Hormuz.

Odile Renaud-Basso, President of the EBRD, discusses economic support strategies during a Reuters interview in Istanbul, Turkey.
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