_1777294237270_124456903.png&w=48&q=75){kind=small}
UNCTAD: Strait Closure Effects Endure
The United Nations Conference on Trade and Development (UNCTAD) has reported that resuming navigation through the Strait of Hormuz may ease pressures on global trade and energy markets, but it will not resolve the effects of over 100 days of shipping disruptions. The report indicated that 61 economies face increasing risks due to their reliance on importing oil and grains, with expectations that food, transportation, and energy costs will continue to rise despite falling oil prices, amid ongoing supply chain disruptions. The organization called for supporting affected countries and taking measures to strengthen economic resilience.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)