The International Monetary Fund (IMF), World Bank and International Energy Agency (IEA) have urged countries to avoid hoarding energy supplies and imposing export controls that could worsen what they called the biggest shock ever to the global energy market, Reuters reports.

IEA chief Fatih Birol has told reporters after a meeting with the IMF and World Bank leaders that several countries were holding onto stocks and imposing export restrictions, and appealed to them to let energy stocks flow to the markets.

He has not named the countries.

“First do no harm,” IMF Managing Director Kristalina Georgieva has told reporters, noting that she is meeting with countries that were being hit hard in Asia, Sub-Saharan Africa and some South Pacific islands that were worried about supplies.

Opinion

Editorial

A new deal
16 Jun, 2026

A new deal

AFTER three and a half months of war between US-Israel and Iran and an acrimonious temporary ceasefire, a genuine...
Charter of economy
16 Jun, 2026

Charter of economy

NO one expected the PTI to accept the government’s invitation to sign a charter of economy; just as few expected...
Hostage seamen
16 Jun, 2026

Hostage seamen

SOME 50 days on, 11 Pakistani nationals are still in Somali pirates’ captivity. Their appeals to the Pakistani and...
Climate choices
Updated 15 Jun, 2026

Climate choices

The country is confronting increasingly volatile weather patterns with consequences for agriculture, infrastructure, public health and economic planning.
Brief opening
15 Jun, 2026

Brief opening

WE have been here before. Throughout the weekend, there was great anticipation that a tentative framework for peace...
Environmental disaster
15 Jun, 2026

Environmental disaster

IT was a heartbreaking sight. A recent news report in these pages carried a picture of a sea turtle lying half ...