UNCTAD Warns Strait of Hormuz Disruptions Could Inflict Long-Term Economic Damage and Threaten Food Security

The UN Conference on Trade and Development (UNCTAD) has cautioned that the economic repercussions of months-long disruptions in the Strait of Hormuz are likely to persist for many vulnerable economies. Despite recent de-escalation, the report indicates that elevated costs for transport, fertilizer, and food will take considerable time to decrease. This situation poses a significant threat to food security and social stability, particularly in low-income and fragile nations.