White House National Economic Council Director Hassett: Gasoline Prices Are Currently Very High

White House National Economic Council Director Hassett: We Are Starting To See More And More Ships Passing Through The Strait

World Bank President: The World Bank Is Working To Help Countries Diversify Their Energy Sources And Increase Their Self-sufficiency

World Bank President: The World Bank Has Many Projects Planned In The Energy Sector; Some Countries Are Seeking To Extend The Lifespan Of Nuclear Reactors

World Bank President: The World Bank Is In Communication With Several Countries That Have Been Severely Affected By War, Including Island Nations With No Natural Resources

World Bank President: War Is Expected To Cause Inflation To Rise By Up To 300 Basis Points, But If The Conflict Continues, Inflation Could Be "much Higher"

World Bank President: Developing Countries Should Focus On Taking Targeted, Temporary Crisis Response Measures; They Should Be Wary Of Shrinking Fiscal Space

World Bank President: The Damage To Energy Infrastructure Caused By The War Is Manageable, But Its Impact Will Be Further Exacerbated If The Attacks Escalate Again

World Bank President: Even With A Ceasefire, Global Growth Is Still Expected To Decline By 0.2 To 0.3 Percentage Points; Emerging Markets Will See A Slightly Larger Decline

World Bank President: The Middle East War Will Have A Ripple Effect On The Global Economy