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World trade growth set to slow to 1.9% this year, Iran war may weigh more, says WTO
The World Trade Organization warns that rising energy costs from the Middle East conflict could reduce trade growth to 1.4%, impacting key importers in Asia and Europe.
The WTO forecasts global trade growth to slow to 1.9% this year, and potentially 1.4% if the Iran war causes high oil and gas prices to persist.
Trade in AI-related products accounted for 42% of global trade growth in 2025 despite representing only one-sixth of total trade.
The WTO chief warned that the Iran conflict threatens global transport routes like the Strait of Hormuz and risks food insecurity for major producers.