IMF: Middle East War Widens Latin Gaps

IMF warns Middle East conflict will widen economic gaps across Latin America and Caribbean, helping oil exporters but hurting tourism economies.
IMF projects Latin America & Caribbean growth at 2.3% in 2026, rising to 2.7% in 2027; Brazil 1.9% and Mexico 1.6% in 2026.
Oil prices, up ~45% YTD 2026, fell over 10% after Iran announced Strait of Hormuz reopening, highlighting war‑driven commodity volatility.
IMF notes even oil‑exporting nations will see households face higher fuel and food costs despite improved public finances.