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Global economy faces slowdown as Hormuz tensions threaten oil supplies

Name: Global economy faces slowdown as Hormuz tensions threaten oil supplies
Uploaded: 2026-05-05T21:44:16Z
Duration: 2 min 38 s
Description: The head of the International Monetary Fund has warned that if conflict in the Strait of Hormuz continues into 2027, global growth is likely to slow whilst inflation rises. The World Bank projects energy prices could surge 24% this year, with commodity prices set to rise by 16%. Asia has...

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