This is a brief taken from the publisher’s feed. It is not a Gulf Latin report.

When war shut the Strait of Hormuz in February, oil prices soared everywhere. But the pain at the pump has been far from equal, and the world’s developing economies are paying the heaviest price, according to a new report from UNCTAD, the UN trade and development agency.

The full text stays with the original publisher. We carry the headline, a short excerpt, and a link.