IMF: We are closely monitoring developments in the Middle East, and it is too early to assess the repercussions on the region's and the world's economy.

- The International Monetary Fund said on Tuesday it was closely monitoring developments in the Middle East, noting disruptions to trade and economic activity, rising energy prices and increased volatility in financial markets.

The fund added that it was too early to assess the economic impact on the region or globally, explaining that the impact would depend on the scope and duration of the conflict.