World Trade Organization chief Ngozi Okonjo-Iweala said she hoped the conflict between Israel and Hamas could be ended quickly, warning that it would have a “really significant impact” on already weak global trade flows if it spreads across the region.

She added on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Morocco that violence in the Middle East could increase the factors that stifle trade growth, including high interest rates, the crisis Chinese real estate market, and the Russian war in Ukraine.