New York (Urdu Point / Pakistan Point News / WAM – 02 April 2026 AD) United Nations The Conference on Trade and Development (UNCTAD) confirmed in a new report released on Wednesday that maritime navigation through the Strait of Hormuz has reached a near standstill, recording a 95% decline in the number of ships passing through the Strait of Hormuz daily over the past month.
In statements he made United Nations Spokesman Stephane Dujarric lamented the impact of this new development, noting that the disruption is expected to reduce annual trade growth in goods by at least 1% and raise inflation due to higher crude oil prices. oil Prices.
Citing the UNCTAD report, Dujarric also expected global GDP to decline to about 2.6% by the end of the year, along with inventories. market Volatility and currency Currency devaluation in developing countries
He highlighted UNCTAD’s call for governments to implement a mix of policies to achieve stability price levels amid increasing inflationary pressures, especially on vulnerable populations. This includes measures to enable development banks to provide emergency loans.
In his response to journalists, Dujarric confirmed that United Nations It is striving to restore freedom of navigation in the Strait of Hormuz. He stated that this is not just a requirement from Secretary-General but also from Security Council.
The Council issued a accuracy “In this regard,” he said, referring to the mechanism proposed by the Secretary-General, led by his recently appointed Personal Envoy, to explore ways to restore peace to the region as a whole.