UN Secretary-General Antonio Guterres says the disruptions in the Strait of Hormuz are “strangling the global economy”, warning of lingering economic distress even in the “best case scenario”. Even if restrictions were lifted today, “supply chains will take months to recover, prolonging lower economic output and higher prices”.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Israel revises number of hostages held in Gaza to 240

Israel revised the number of hostages being held in Gaza to 240…

China drills rehearsing ‘encirclement’ of Taiwan: state media

China’s military drills on Saturday are rehearsing an “encirclement” of Taiwan, state…

New Zealand cruises to an eight-wicket victory over India

On Sunday, New Zealand has dimmed the Men in Blue’s possibilities to…

Hamas says it is lobbying hard to thwart Israeli plan for north of Gaza

Hamas says it is intensifying efforts to thwart Israel’s disputed proposal to…