"Ship transits related to the Strait of Hormuz have decreased by 95.3% since 28th February, while commodity food prices has risen by 6% and crude oil prices for Europe have risen by 53%," spokesperson Stephane Dujarric told reporters at the UN's New York headquarters, Anadolu Agency reported.
Dujarric was referring to the date that the US and Israel began to launch a war of aggression against Iran, prompting Tehran to retaliate with missile and drone barrages.
The Strait of Hormuz is one of the world’s most critical energy chokepoints, with roughly one-fifth of global oil supply passing through it daily prior to the start of the war.
The waterway has faced disruptions since early March following the outbreak of the war. The conflict is currently on hold under a ceasefire, while diplomatic efforts are ongoing to reach a lasting agreement.