UNCTAD warns of Hormuz disruptions' impact
The article discusses the impact of the Strait of Hormuz disruptions on global energy markets and economies. The United Nations Conference on Trade and Development (UNCTAD) pointed out that reopening the strait would provide an immediate relief to oil markets, although the most vulnerable countries would still face long-term increases in the costs of food and fuel. The report explained that ongoing rises in food prices could heighten health risks and affect poor households, identifying 61 economies that are vulnerable to shocks in oil and grain imports due to the disturbance.
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