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WTO chief warns Strait of Hormuz disruption is worst in 80 years

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  • WTO director-general Ngozi Okonjo-Iweala warned that Hormuz bottlenecks threaten global food and fertilizer prices.
  • Goods trade grew 4.6% this year after first-quarter growth reached 3.2%.
  • A WTO report projects up to 10% of potential growth could disappear by 2050.
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