International Monetary Fund: Military Action Against Iran Could Cause a Sharp Rise in Global Food Prices
Juli Kozak, Director of Communications at the International Monetary Fund (IMF), stated that military actions by the United States and Israel against Iran could lead to a sharp increase in global food prices due to disruptions in fertilizer supply.
She said at a briefing: "The fertilizer supply has been disrupted, and combined with transportation blockages, this increases the risk of a significant rise in food prices."
Kozak emphasized that the increase in food prices could be very significant, but it will depend on the duration and intensity of the current conflict.
The escalation of the situation around Iran has effectively blocked the Strait of Hormuz, a key passage for Persian Gulf countries to supply oil and liquefied natural gas to the global market.
Original article: toutiao.com/article/1860123797899274/
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