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IMF's Jihad Azour on the deepest oil shock in history and the region's road to recovery
The war with Iran has delivered the deepest oil and gas shock in modern history, deeper than the crises of 1974 and both Gulf Wars. Yet its effect on prices and markets has been far milder than in previous episodes, the International Monetary Fund said. For Jihad Azour, director of the IMF’s Middle East and Central Asia department, that resilience is the res