The Straits of Hormuz crisis has imposed heavy economic costs on the world The Turkish Foreign Minister: The long-term war in Ukraine has caused great wounds to the world economy and no one can hide its social and economic costs anymore. The closure of the Strait of Hormuz intensified this crisis and brought the economic pressure to much higher points with a multiplier effect.

The Straits of Hormuz crisis has imposed heavy economic costs on the world The Turkish Foreign Minister: The long-term war in Ukraine has caused great wounds to the world economy and no one can hide its social and economic costs anymore. The closure of the Strait of Hormuz intensified this crisis and brought the economic pressure to much higher points with a multiplier effect.