India, July 1 -- Reopening the Strait of Hormuz would bring vital relief for many economies, but developing countries will continue to grapple with increased food and fuel costs, according to a new UN report released on Tuesday.
Following the shaky ceasefire in the Middle East war, commercial shipping through the strait quickly began to rebound in mid-June, but has slowed in recent days as the United States and Iran have exchanged strikes in the region.
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