UPDATE - UK Facing Near-Zero GDP Growth in 2027 If Strait of Hormuz Remains Closed - Reports

NAMPA / Sputnik

2026-08-13

(Adds details in para 3) MOSCOW, August 13 (RIA Novosti) - UK economic growth in 2027 could be just 0.3% of GDP if the Strait of Hormuz remains closed to shipping until the end of 2026, Bloomberg reported, citing the internal Treasury modeling. Under the Treasury's worst-case scenario, in which the United States and Iran fail to reach a peace agreement and the Strait of Hormuz remains completely closed until the end of 2026, GDP growth in the Uni......

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