Global shock feared as Iran tightens grip on Hormuz, Qatar says impact “not far away” | Euronews Newsletter Events Loader Newsletter Events Loader Loader Search

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Qatar is warning that the global economy is heading for a deeper shock in the coming months as the Strait of Hormuz standoff intensifies and that the current energy crisis the world has seen so far is "the tip of the iceberg". ADVERTISEMENT ADVERTISEMENT Speaking at the International Monetary Fund Spring Meetings in Washington this week, Qatar's Finance Minister Ali bin Ahmed Al Kuwari said the full impact of the conflict could be felt in the next couple of months if the Strait of Hormuz