61 economies face dual exposure despite Hormuz reopening – UN

The United Nations has projected lasting impacts on scores of economies in spite of the Strait of Hormuz reopening, citing the months-long disruption to transit in the crucial route.
A new report released this week by the UN Trade and Development indicates many economies are exposed to oil and food price shocks as they largely rely on the importation of oil/cereal products.
Six countries face cereal-import exposure, 6 face energy-import exposure, while the 61 most vulnerable economies facing dual exposure are among the least developed countries and small island developing states.
Based on UNCTAD Statistics, their respective net imports of oil, petroleum products, cereals, and cereal...