The reopening of the Strait of Hormuz after more than 100 days offers little immediate comfort to the Least Developed Countries (LDCs) and the most vulnerable economies as they are exposed to oil and food price shocks, according to a report by the UN Conference on Trade and Development (UNCTAD).

GENEVA: The UN trade and development agency warned on Tuesday that while the reopening of the Strait of Hormuz will bring immediate relief to energy markets, vulnerable…

According to UNCTAD, reopening the strait is a "necessary but insufficient" condition for restoring trade, as supply chains require time to adjust