Hormuz Gridlock Risks Global Food Crisis

The International Chamber of Commerce warns that shipping disruptions in the Strait of Hormuz are brewing a global food security crisis. Available fertilizer capacity has fallen by nearly 40% since the strait was disrupted, removing 2.7 million tons from the market. About one-third of global fertilizer shipments pass through the narrow waterway, creating potentially catastrophic knock-on effects for agricultural producers. Read more here.