WASHINGTON, United States (AFP) —The International Monetary Fund chief on Monday welcomed the ceasefire agreement between the United States and Iran, but warned it would take time for energy and other supply disruptions to dissipate.

“As we have said before, much depends on the duration and intensity of the energy supply shock,” Kristalina Georgieva wrote in a post on the Fund’s website.

“The sooner it is resolved, the better — especially as supply will take time to recover given the significant infrastructure damage — and Sunday’s ceasefire announcement is welcome.”