Hormuz Disruptions Will Hit Food Prices as Well as Oil, UN Warns

Source: Bloomberg Politics · Bias: Center

Summary

The effective closure of the Strait of Hormuz amid the Iran war has rattled global oil markets. But it’s also raising food and fertilizer prices in a way that could hit poorer countries particularly hard, warned a new United Nations report.

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Hormuz Disruptions Will Hit Food Prices as Well as Oil, UN Warns
Bloomberg Politics

Hormuz Disruptions Will Hit Food Prices as Well as Oil, UN Warns

Center

The effective closure of the Strait of Hormuz amid the Iran war has rattled global oil markets. But it’s also raising food and fertilizer prices in a way that could hit poorer countries particularly hard, warned a new United Nations report.