WORLDTHE RIO TIMES
The Strait That Divides the World: How One Sea Lane Split the Global Economy in Two
The collapse of the Iran ceasefire and tanker strikes near Hormuz caused a spike in oil prices and cut IMF growth projections to 3%. However, Latin America experienced a windfall from these developments.
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- The Ceasefire Breaks, the Oil Shock Returns, and the World Feels It All at Once
- New US-Iran strikes threaten fragile ceasefire
- First Thing: Trump calls Iran’s leaders ‘scum’ and declares fragile ceasefire over
- Oil prices plunge following U.S.-Iran ceasefire
- Stocks Drop, Oil Jumps After Trump Says Ceasefire with Iran Is "Over" | Bloomberg Brief 07/08/2026