The World Health Organization said a new strain of the coronavirus first detected in southern Africa was a global variant of concern and that preliminary evidence suggested that it presented a higher risk of a person falling ill with Covid-19 for a second time.

Iran Press/America: The WHO also said that the variant’s fast spread in South Africa indicated that it may be more transmissible than other strains of the virus and that more research was being done to understand the full effects of its many mutations.

The discovery of a new coronavirus variant sent a chill through much of the world Friday as nations raced to halt air travel, markets fell sharply and scientists held emergency meetings to weigh the exact risks, which were largely unknown.

A World Health Organization panel said early evidence suggests an increased risk of reinfection.

Medical experts, including the WHO, warned against any overreaction before the variant that originated in southern Africa was better understood. But a jittery world feared the worst nearly two years after COVID-19 emerged and triggered a pandemic that has killed more than 5 million people around the globe.

There was no immediate indication whether the variant causes a more severe disease. As with other variants, some infected people display no symptoms, South African experts said. The WHO panel drew from the Greek alphabet in naming the variant omicron, as it has done with earlier, major variants of the virus.

Even though some of the genetic changes appear worrisome, it was unclear if the new variant would pose a significant public health threat. Some previous variants, like the beta variant, initially concerned scientists but did not spread very far.

The 27-nation European Union imposed a temporary ban on air travel from southern Africa, and stocks tumbled in Asia, Europe, and the United States. The Dow Jones Industrial Average dropped more than 1,000 points. The S&P 500 index was down 2.3%, on pace for its worst day since February. The price of oil plunged nearly 12%.

Some experts said the variant’s emergence illustrated how rich countries’ hoarding of vaccines threatens to prolong the pandemic.

Fewer than 6% of people in Africa have been fully immunized against COVID-19, and millions of health workers and vulnerable populations have yet to receive a single dose. Those conditions can speed up the spread of the virus, offering more opportunities for it to evolve into a dangerous variant.

The Africa Centers for Disease Control and Prevention agreed and strongly discouraged any travel bans on countries that reported the new variant. It said past experience shows that such travel bans have “not yielded a meaningful outcome.”

The WHO’s technical working group says coronavirus infections jumped 11% in the past week in Europe, the only region in the world where COVID-19 continues to rise.

The WHO’s Europe director, Dr. Hans Kluge, warned that without urgent measures, the continent could see an additional 700,000 deaths by the spring.

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