The ongoing global energy crisis triggered by the Iran conflict is now weighing heavily on the world economy, even if the war ends soon, reported by the United Nations’ trade and development arm. According to the report, disruptions in the Strait of Hormuz have spread beyond oil, affecting key supply chains including fertilizers and industrial goods. The UN said global growth is expected to slow from 2.9% to 2.6%, while trade expansion could drop sharply in 2026. Developing nations are facing the worst impact, though Europe and the United States are also affected through interconnected energy markets. The report said ... (full story)