The heads of the International Energy (IEA) and World Bank will form a coordination group to address the significant economic and energy impacts of the U.S.-Israeli conflict with Iran. The three global bodies noted that the war had caused major disruptions in the region and triggered one of the largest supply shortages in global energy market history. The coordination group will assess the severity of impacts across countries, coordinate a response mechanism, and deliver support to countries in need. The response could include targeted policy advice, assessment of potential financing needs, and provision of financial support. The conflict, now in its second month, has spread across the region disrupting energy supplies and threatening to disrupt the global economy.