IMF says a sustained 10% rise in energy prices would add 0.4 percentage points to global inflation

What scenario is the IMF using for the inflation and growth impact estimate?

Georgieva described a scenario in which energy prices rise by 10% and that increase persists for one year; under that assumption, she said global inflation would rise by about 40 basis points and growth would slow by about 0.1 to 0.2 percentage points. Yahoo! Finance europa press

Why is the IMF linking these risks to the Middle East conflict?

Georgieva said a prolonged conflict has the potential to affect global energy prices and market sentiment, which can feed through to inflation and growth and create new demands on policymakers. Bloomberg Business Straits Times

What has the IMF said about its next steps or response?

The IMF said it is monitoring the conflict and will incorporate its findings into the World Economic Outlook to be published in April. Bloomberg Business It has also said it stands ready to assist countries facing balance-of-payments concerns amid heightened uncertainty. Bloomberg Business Straits Times