The International Monetary Fund lowers its global growth forecast to 3% this year, blaming an energy shock from the Iran war that has driven oil prices up almost 32% and elevated global inflation to 4.7%.The fund highlights regional divergence: the US is projected to grow 2.3%, China 4.6% and India 6.4%, while the eurozone expands 0.9% and Germany’s outlook is cut to 0.7% this year and 1.0% in 2027 because of higher energy costs and spillovers from the Gulf conflict.The IMF assumes the Strait of Hormuz will reopen later this month and commerce will normalize by next March but warns that renewed escalations could further disrupt supply chains, keep prices high and reduce the likelihood of near-term monetary easing in the US and the eurozone.