The World Bank lowers global growth expectations and warns of the repercussions of closing the Strait of Hormuz

The World Bank issued a report on Thursday forecasting a decline in global economic growth during the current year, due to the repercussions of the American war on Iran and the resulting escalating tensions in the Gulf and the Strait of Hormuz.
Exclusive Follow-ups – Al-Khabar Al-Yemeni:
The bank stated in its semi-annual report that the global growth rate will decline to 2.5% during the year 2026.
It indicated that the closure of the Strait of Hormuz has caused severe disruptions in global energy markets and increased economic uncertainty.
This reduction is part of a series of warnings issued by international institutions recently regarding the repercussions of military escalation in the region on the global economy.
Iran announced yesterday, Wednesday, the closure of the Strait of Hormuz “until further notice,” in response to American attacks targeting sites on the Iranian southern coast, coinciding with a direct clash between Iranian and American forces in Gulf waters.
US President Donald Trump returned today, Thursday, to issuing new threats to direct “bigger and stronger” strikes on Iran, along with hinting at targeting the oil island of Kharg.
Observers believe that the rapidly unfolding events threaten the chances of returning to the diplomatic path between Washington and Tehran and foretell further escalation that could directly reflect on the economies of the region and the world through rising energy prices, disrupted supply chains, and worsening living pressures.