IMF Slashes Global Growth Forecast as Strait of Hormuz Blockade Threatens Recovery

The International Monetary Fund issued an emergency downgrade to its global growth projections, citing the ongoing blockade of the Strait of Hormuz as a critical threat to the world economy. The IMF warned that disrupted oil flows through the strategic waterway could trigger a global recession, with emerging markets particularly vulnerable to energy price shocks and supply chain disruptions. The fund called for coordinated international action to restore maritime trade flows.