‘Strait of Hormuz must open to avoid recession’

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'Strait of Hormuz must open to avoid recession'

Trump’s ceasefire with Iran is on the brink after Israel launched a massive barrage of airstrikes against Hezbollah in Lebanon leading Tehran to reclose the Strait of Hormuz.

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So is there any chance it could lead to a lasting peace?

Economics Editor Helia Ebrahimi questions whether this a moment where a global economic crisis was averted at the last minute, or just postponed.

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Date: April 9, 2026