The “Neftkhabar” website, in a report citing fresh data from the International Monetary Fund and the reaction of the energy market, has written that the common belief about the collapse of the global economy in the event of an intensification of the crisis in the Strait of Hormuz no longer matches today’s realities of the world economy.

The report says that for years, in part of Iran’s political and media landscape, there was the notion that any severe tension in the Strait of Hormuz could push the price of oil to unprecedented levels and confront the global economy with an unprecedented crisis. However, recent developments have shown that although the world is harmed by geopolitical crises, it has gained more capacity to manage them.

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