UN: Middle East residents will have to quickly get used to high prices because of the Strait of Hormuz crisis
UN representative Abdulla Al Dardari said at a forum in Manama that the war with Iran and the blockade of the Strait of Hormuz are forcing the region's countries to carry out decades-long transformations in a matter of months: fewer subsidies, higher prices, more taxes. According to the UN, the region has lost 7% of GDP, with millions of people pushed below the poverty line and out of work.
Otabek Yusupov