World Bank president warns of months of disruption following Strait of Hormuz closure

cnbc.com

World Bank President Ajay Banga warns of months of disruption for countries affected by the Iran conflict, even after the Strait of Hormuz reopens. Banga stated that recovery will take time once the key oil-shipping route is no longer blocked, advising countries to prepare for continued destabilization. The World Bank has a "war chest" plan ready, with immediate access to $20-25 billion and potential for up to $100 billion if needed, focusing on inflation control first.


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World Bank president warns of months of disruption following Strait of Hormuz closure | News Minimalist