World Bank president: Prepare for months of disruption, even after Hormuz Strait reopens
Business
Countries affected by the Iran war should prepare for conflict-related disruptions to last for months, even if the current shaky ceasefire lasts and the Strait of Hormuz is reopened, World Bank President Ajay Banga said Wednesday. "It'll still take a few months for things to come back to where they were" once the key oil-shipping route is no longer choked off amid Iranian threats and a U.S. blockade, Banga told CNBC's Karen Tso at the International Monetary Fund's spring meeting. "So we have to
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