Grossi Warns Hormuz Crisis Risks Pushing Global Economy into 'Red Zone'

Rafael Grossi, Director-General of the International Atomic Energy Agency (IAEA), called for an immediate transition to practical work on Iran's nuclear file, in line with the joint memorandum of understanding. Grossi clarified, in press statements, the necessity for both American and Iranian teams to sit together and begin taking "concrete steps" on the ground. He revealed the IAEA's participation in upcoming negotiations between Washington and Tehran in Switzerland, pointing to multiple technical options for handling Iran's uranium stockpile. In a related context, Grossi issued a strong warning concerning the global economy, emphasizing that a failure to ensure freedom of navigation in the Strait of Hormuz by the end of this June would cast the global economy into a "red zone" of extreme danger.