Note: Single-source report; awaiting corroboration.
UN Secretary-General António Guterres has warned that restrictions on free navigation through the Strait of Hormuz are severely disrupting the delivery of critical commodities, including oil, gas, and fertilizer, thereby straining the global economy. He emphasized that even with immediate lifting of the restrictions, supply chain recovery would take months, with global growth projected to decline from 3.4% to 3.1%, inflation rising to 4.4%, and trade slowing sharply—representing the best-case scenario, according to his statement.
Guterres outlined that if disruptions caused by Iranian attacks and US blockades continue through midyear, 32 million people could be pushed into poverty, fertilizer shortages may reduce crop yields, and 45 million more individuals could face extreme hunger, with development gains potentially reversed. He warned these impacts are exponential rather than cumulative, and prolonged blockage of this strategic shipping route could trigger a global recession with severe economic, political, and social consequences.
The Secretary-General also noted ongoing diplomatic efforts led by the head of UN Project Services and the International Maritime Organization to create frameworks for a potential humanitarian corridor and safe evacuation of ships and seafarers, should safe passage be guaranteed.
Given the continued economic shock affecting global energy markets—highlighted by Brent crude oil prices near $118—Guterres's message to all relevant parties was clear: navigational rights and freedom of passage through the Strait of Hormuz must be restored immediately to support global economic recovery and prevent further distress.