The Iran ceasefire's collapse and tanker strikes near Hormuz spiked oil and cut IMF growth to 3% - but the same shock hands Latin America a windfall.
Rio Times · Analysis
Key Facts
—Trigger On 7 July, Iran struck three commercial ships near Hormuz, including a Qatari LNG tanker and a Saudi crude carrier.
—US response Washington launched fresh strikes and revoked Iran’s oil-sales licence, declaring the interim ceasefire effectively over.
—Oil Brent jumped to around $76 a barrel in after-hours trade, with the IMF pencilling in an $89 average for 2026.
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