World Bank president warns of prolonged economic disruption from Strait of Hormuz closure

finance.yahoo.com

World Bank President Ajay Banga warns that even if the Strait of Hormuz reopens, economic recovery will take months. Countries affected by the conflict should prepare for prolonged disruption, with the World Bank ready to provide billions in immediate financial aid. The Strait of Hormuz is a critical global trade route for oil, gas, and fertilizers, and its closure has already impacted prices and global growth forecasts.


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