Nigerian economist and director-general of the World Trade Organization since 2021.
The US‑Israel war on Iran has pushed energy, fertilizer and transport costs higher and forced global agencies to cut growth forecasts. The OECD and other groups have reduced 2026 growth projections, UNICEF has reported soaring freight bills and delivery delays, and US consumer sentiment has ticked up slightly as gas prices ease (15 June 2026).
World leaders warn that competition for critical minerals has become a strategic contest, with supply chains at risk and developing nations bearing the costs. Authorities call for local processing, stronger international law, and coordinated investment to turn mineral wealth into development rather than conflict.