UN Trade Agency Warns Hormuz Crisis Threatens Vulnerable Economies

🌍 UNCTAD — The parties negotiating Hormuz won't feel its worst damage. 📌 LOOK CLOSER: UNCTAD shifts the cost ledger — not the US, EU, or Iran, but food-import-dependent nations in South Asia and East Africa absorb the structural shock. At 25% Hormuz capacity with no demining timeline, rerouting adds weeks and costs these states cannot absorb. Doha has no seat for them; the 60-day MOU window doesn't account for their collapse.