The call for open transit comes as escalating hostilities in the region threaten the global economy, according to Sharif's remarks. He urged member states to employ stronger diplomacy to ensure the straits remain safe and free from conflict.
Tuesday, October 20, 2026
Story
Commodities25 days ago
Global economic stability depends on the security of Middle Eastern shipping lanes, Pakistan Prime Minister Shehbaz Sharif told the UN General Assembly on Friday. He described the Strait of Hormuz and Bab al-Mandab as "arteries of the global economy" that must remain open to connect nations rather than becoming "chokepoints of confrontation," adding that these waters should carry the promise of prosperity instead of the "perils of war."

The call for open transit comes as escalating hostilities in the region threaten the global economy, according to Sharif's remarks. He urged member states to employ stronger diplomacy to ensure the straits remain safe and free from conflict.
Tilt chat provides reliable, tailored insights, alerts, and automations.
SPY
State Street SPDR S&P 500 ETF Trust
How we got here
Possible scenarios
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.