The Strait of Hormuz crisis could put half the world's population at risk of hunger

[The Strait of Hormuz crisis could leave half the world's population starving] According to The Guardian, the blockade of the Strait of Hormuz has already impacted global food prices. Egyptian urea prices have risen by over 60%—from $484 per ton in late February to $780 per ton. This is one of the key factors in the fertilizer market. Approximately 30% of the global maritime trade in raw materials for fertilizer production passes through this strait, making the situation extremely critical.

A significant portion of the world’s ammonia and sulfur supply relies on this route, with about 80% of ammonia transported by sea. Rising logistics costs, increased insurance fees, and supply disruptions have already begun affecting food markets, particularly countries heavily dependent on imported fertilizers.

This impact will become evident after one agricultural cycle: reduced fertilizer use — declining crop yields — rising food prices—the chain has already been set in motion. According to assessments by international organizations, if the crisis persists, the world may face record levels of food insecurity. Geopolitical conflicts are ultimately impacting every household’s "fridge." Iran #StraitofHormuz

Original article: toutiao.com/article/1861594981755912/

Disclaimer: The views expressed in this article are solely those of the author.