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Economics2h 29m ago
The International Energy Agency (IEA) boss warned that the global economy is in peril if the crisis in the Strait of Hormuz persists.
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Strait of Hormuz
Who
IEA boss
What
The International Energy Agency (IEA) boss warned that the global economy is in peril if the crisis in the Strait of Hormuz persists.
When
Thu, 16 Jul 2026 03:59:25 GMT · 2h 29m ago
Where
Strait of Hormuz ·
Why
The crisis in the Strait of Hormuz has led to increased energy prices, forcing countries like Pakistan to purchase the most expensive LNG since 2022.
The Frontline Impact
How this affects you
The persistence of the Hormuz crisis poses a significant risk to the stability and growth of the global economy due to elevated energy costs.
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