UN Secretary General Antonio Guterres has sounded the alarm over the worsening global economic impacts of the Strait of Hormuz remaining effectively closed due to the Iran war, AFP reports.
The closure of the vital waterway is “strangling the global economy,” the secretary-general warns in remarks to the press.
Even if restrictions were lifted today, “supply chains will take months to recover, prolonging lower economic output and higher prices,” he says.
-The Dawn
The closure of the vital waterway is “strangling the global economy,” the secretary-general warns in remarks to the press.
Even if restrictions were lifted today, “supply chains will take months to recover, prolonging lower economic output and higher prices,” he says.
-The Dawn
