THE EUROPEAN Commission (EC) has cut back its 2005 growth forecast for the
euro-area to 1.6% from last October’s forecast of 2.0%, according to The Economist.
Trickle traffic through the Strait of Hormuz, hugging the Iranian coastline at Qeshm and the islands of Hormuz and Larak, has brought no significant change to the closed-off waterway.Source: Research Gate
