London, April 15 (QNA) - Finance ministers from 11 countries, including United Kingdom, Japan and Australia, have called for swift and coordinated action to address the economic impact of the war in the Middle East.

In a joint statement issued in London, the ministers urged the International Monetary Fund and the World Bank to provide tailored emergency support to affected countries.

They welcomed the ceasefire between the United States and Iran, describing it as vital for civilian protection and regional stability, while calling for a lasting negotiated settlement.

The statement warned that any renewed escalation or disruption to the Strait of Hormuz could pose serious risks to global energy supplies, supply chains, and financial stability.

Ministers also cautioned that even with a lasting resolution, the conflict's effects on economic growth, inflation, and global markets are likely to persist. (QNA)