Blitz Bureau
NEW DELHI: UN Secretary-General Antonio Guterres has carried out a round of diplomacy with leaders in the Gulf region as the world organisation expressed concern over the global economic fallout of the Iran war.
The UN is “worried about the negative impacts that the military activities in the region as a whole could have on the world economy”, Guterres’ Spokesperson Stephane Dujarric said on March 2.
“Those impacts, as they often do, hit the most vulnerable the hardest”, he said.
Oil prices, most sensitive to instability in the Gulf region, rose by 5.63 per cent on March 2, and a closure of navigation in the Gulf of Hormuz could further impact energy prices.
Guterres is “particularly worried” about “the expansion of attacks to countries that were not involved in the initial attacks”, Dujarric said.