The head of the International Monetary Fund is warning the U.S.-Israeli war on Iran will lead to higher inflation while slowing the global economy — even if the conflict ends swiftly. IMF Director Kristalina Georgieva said Monday the war has already led to the worst-ever disruption in global energy supplies and that poor, vulnerable nations with no energy reserves will ⁠be hit the hardest.

Kristalina Georgieva: “Had we not had this war, we would have seen one small upgrade of our growth projections. Instead, all roads now lead to higher prices and slower growth.”

Meanwhile, Drop Site News reports the U.S.-Israeli war on Iran has prompted Gulf nations’ sovereign wealth funds to undertake a sweeping review of U.S. investments. Those include funding for U.S. artificial intelligence data centers and the merger of U.S. media giants Paramount Skydance and Warner Bros. Discovery. More than one-fifth of pledges for the blockbuster $111 billion deal come from wealth funds connected to Saudi Arabia, Qatar and the United Arab Emirates. Drop Site News reports the deal remains likely to go through, but that could change if the war drags on for weeks or months, and if Gulf oil and gas assets come under even greater attack.