United Nations warns of global economic growth slowdown due to the war in Iran

TL;DR

The war in Iran is causing commercial, inflationary, and financial disturbances that will slow global economic growth.
UNCTAD predicts global economic growth will slow to 2.6% in 2026, with trade growth also decelerating.
The blockade of the Strait of Hormuz has drastically reduced oil and gas transit, impacting global energy supplies.
Regions like Europe and South Asia, heavily reliant on Middle Eastern energy imports, are particularly affected.
The conflict's effects have spread to broader transportation sectors, including maritime, air, and port logistics.

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