Nigeria, March 31 -- From a new perspective, the fund indicated the most imminent danger to be energy supply interruptions. Already under stress are important shipping lanes like the Strait of Hormuz, which carries a large portion of world oil and gas traffic, thereby increasing worldwide gasoline prices.
For nations relying on imports, this implies greater prices for companies and consumers; even oil-producing countries have uncertainty that could reduce long-term investment.
Also spreading across international trade are the ripple effects. Shipping delays, greater freight costs, and increasing insurance premiums are upsetting supply networks.
Particularly in low-income countries, rising food prices and lowering agricultural produ...
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