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Strait of Hormuz reopens but UN warns poorest nations will face lasting economic fallout
NEW YORK CITY: The reopening of the Strait of Hormuz after more than 100 days of shipping disruption will bring relief to global energy and trade flows, but the world’s most vulnerable economies face a longer, costlier and more uneven path to recovery, the UN Conference on Trade and Development said in a new report.
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arabnews.com
Hormuz disruption may have lasting impact on vulnerable economies, UN trade agency says
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…
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tass.com
Reopening Strait of Hormuz won’t end economic shock — UN
According to UNCTAD, reopening the strait is a "necessary but insufficient" condition for restoring trade, as supply chains require time to adjust
