Strait of Hormuz disruptions: Lasting economic damage to vulnerable economies beyond reopening
By
António GuterresSecretary-General of the United Nations
Summary
The article analyzes the economic fallout from over 100 days of shipping disruptions in the Strait of Hormuz. While reopening would bring relief to energy markets and global trade, the damage has already been done — particularly to vulnerable economies hit by oil and fertilizer price shocks. These shocks risk causing persistent inflation that disproportionately harms the poor. The piece examines the lasting structural impacts beyond the immediate reopening.
Source
Twitter / XStrait of Hormuz disruptions: Lasting economic damage to vulnerable economies beyond reopeningunctad.orgKey quotes
· 5 pulledThe reopening of the Strait of Hormuz would bring much-needed relief for many economies.
This is a first step toward a progressive recovery of energy markets and international trade.
However, during more than 100 days of shipping disruption, negative effects have already rippled through the global economy.
Vulnerable economies have been particularly exposed to oil and fertilizer price shocks.
These shocks can result in persistent inflation. People suffer from inflation, especially the poor.
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