Hormuz energy shock threatens food security, affordability gap for import-dependent countries

Rising energy and fertilizer costs linked to shipping disruptions through the Strait of Hormuz are amplifying risks to global food systems, with low-income, import-dependent countries facing the brunt, according to recent analyses by the UN and Purdue University. Shipping through the critical trade corridor has effectively stalled, with transits down by more than 95% since late February. TheRising energy and fertilizer costs linked to shipping disruptions through the Strait of Hormuz are amplifying risks to global food systems, with low-income, import-dependent countries facing the brunt, according to recent analyses by the UN and Purdue University. Shipping through the critical trade corridor has effectively stalled, with transits down by more than 95% since late February. TheRead More