The global economy is facing uncertainty after the resumption of hostilities between the US and Iran. Experts tell Maira Butt that negotiators must go back to the drawing board on the Strait if disruption is to be avoided

The fate of the strait is directly linked to what happens next to the world economy.

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.

Row between US and Iran appears to centre around use of an Omani shipping corridor