Will world economy pay price for violating Islamabad agreement?

AI Summary

The violation of the Islamabad memorandum by the United States and Iran's decision to halt shipping through the Strait of Hormuz is increasing geopolitical risks that could adversely affect the global economy. The event underscores the intertwined influence of politics, shipping, and energy markets on global stability.

TEHRAN- The violation of numerous clauses of the Islamabad memorandum of understanding by the United States and Iran's decision to halt shipping through the Strait of Hormuz is not merely the end of a political agreement; it is an event that could once again turn "geopolitical risk" into one of the most critical variables affecting the global economy, according to IRNA.