“UN chief warns Hormuz closure 'strangling' global economy UN chief Antonio Guterres sounded the alarm on Thursday over the worsening global economic impacts of the Strait of Hormuz remaining effectively closed due to the Iran war. The closure of the vital waterway is "strangling the global economy," the secretary-general warned in remarks to press. Even if restrictions were lifted today, "supply chains will take months to recover, prolonging lower economic output and higher prices," he said.
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