While the restoration of shipping through the Strait of Hormuz will bring immediate relief to energy markets, the world's most vulnerable economies will continue to face the consequences of prolonged fuel and food price hikes, the United Nations Conference on Trade and Development (UNCTAD) has warned, Al Jazeera reports.

A new UNCTAD report says that restoring food and transport chains will take significantly longer than stabilizing energy markets. The reason is the major disruptions to global logistics routes caused by more than 100 days of large-scale disruptions to shipping through the strategically important Strait of Hormuz.

The Strait of Hormuz, through which about 20% of the world's oil and natural gas supplies usually pass, was in fact paralyzed during the war, which began in late February after joint US and Israeli military strikes on Iran.