Trump, Iran have one month to reopen the Strait of Hormuz or risk major economic slowdown, OECD warns

The OECD has issued a stark warning that if the Strait of Hormuz remains closed due to tensions between Trump's administration and Iran, the global economy could face a severe slowdown, with high inflation and unemployment on the horizon. This critical waterway is vital for the transportation of a third of the world's traded oil, and any disruption could trigger a worldwide recession. The warning underscores the interconnectedness of global supply chains and the fragile nature of international economic stability.