UN warns of lasting effects from Hormuz disruptions
The United Nations Conference on Trade and Development (UNCTAD) warned that disruptions in the Strait of Hormuz could lead to long-term impacts on food and transportation markets, as supply chains take longer to recover compared to energy markets. The report indicated that 61 vulnerable economies are exposed to shocks in oil and grain imports resulting from these disruptions, with South Korea’s president confirming that all of the country’s ships have left the strait except for two. At the same time, France has deployed the aircraft carrier "Charles de Gaulle" in the Gulf of Aden in preparation for potential security operations to ensure safe navigation in this vital passage.
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