- Strait of Hormuz disruptions: Growth and financial implications7.80 MB
Under normal conditions, it is one of the world’s most vital arteries of energy-related trade, accounting for a significant share of global oil and gas supplies – the foundation of much of what the world produces, trades and consumes.
Key takeaways
Soaring oil and gas prices may inflate the cost of living, squeezing the livelihoods of the most vulnerable.
Trade and growth are expected to slow in 2026.
Financial ramifications for developing countries include falling stock prices, weakening currencies, and rising cost of external debt.
If the military escalation and disruptions persist, the suffering will extend far beyond the region, translating into widespread economic hardship. At a moment of heightened fragility, de-escalation and the restoration of stability are essential.
Report by the United Nations Conference on Trade and Development
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