Full Effects of Strait of Hormuz Disruption May Not Be Felt Until Second Half of 2026 By Maximilian Malawista Copyright © 2026 IPS-Inter Press Service. All rights reserved. -

https://www.ipsnews.net/2026/07/full-effects-of-strait-of-hormuz-disruption-may-not-be-felt-until-second-half-of-2026/ UNITED NATIONS, Jul 16 2026 (IPS) - The full economic impact of the disruptions in the Strait of Hormuz may not become clear until the second half of 2026, warns the United Nations Conference on Trade and Development (UNCTAD). Prior to the closure, an average of 129 maritime vessels transited daily through the strait, carrying approximately 34 percent of globally traded crude oil and 20 percent of the world’s liquefied natural gas (LNG). Asia is by far the largest importer of Gulf crude and oil products, receiving 91 percent of Gulf crude and petroleum products or roughly 16.5 million barrels per day. Copyright © 2026 IPS-Inter Press Service. All rights reserved. -