OfficialShipping, energy & marketsGeneva, Switzerland
UNCTAD report says Hormuz disruption will outlast any reopening for vulnerable economies
- Mountain Time
- Local time
- 12:00 PM in Zurich
- Where
- Geneva, Switzerland
The UN Conference on Trade and Development published 'Strait of Hormuz Disruptions: Beyond reopening, lasting impacts on vulnerable economies', assessing the damage to import-dependent developing countries from the closure of the strait.
Why it matters
It argued that reopening the strait would not by itself undo the harm to poorer importers, which had no alternative supply routes.
Source
Confidence: Stated by a named government, military, or institution. Not independently confirmed. About confidence labels
Correction
- Corrected the time from 12:00 PM London time, Jun 30, 2026 to 12:00 PM Zurich time, Jun 30, 2026; corrected the headline (it read "UN report warns the damage outlasts any reopening"); revised the summary; revised the context note; corrected the location from London, United Kingdom to Geneva, Switzerland; reclassified it from market to energy-markets; updated the sourcing note. Why and evidence