Full Effects of Strait of Hormuz Disruption May Not Be Felt Until Second Half of 2026

Source Summary

The full economic impact of the disruptions in the Strait of Hormuz may not become clear until the second half of 2026, warns the United Nations Conference on Trade and Development (UNCTAD). Prior to the closure, an average of 129 maritime vessels transited daily through the strait, carrying approximately 34 percent of globally traded crude [...]