The massive economic impact of the global energy crisis

Even if the Iran war ended now and the Strait of Hormuz reopened, the crisis has lasted long enough to bring a meaningful and damaging toll worldwide.Why it matters: "What began as a disruption in a key energy corridor is now feeding through the entire global economy," the UN's trade and development arm said in an analysis.Driving the news: Fresh outlooks are landing that take stock of the war's effect.The UN expects global economic growth to slow from 2.9% in 2025 to 2.6% this year, and that's...