Iran's Grip on Strait of Hormuz Causes Global Fertilizer Shortage
Tensions between the US, Israel, and Iran in the Strait of Hormuz are straining global fertilizer supply chains, threatening food insecurity and rising prices, as UNCTAD's Carlos Razo explains the global implications.
As tensions between the US, Israel and Iran choke the Strait of Hormuz, cutting global energy and fertiliser flows, markets face rising prices and food insecurity. We discuss the global fallout with Carlos Razo from the UN Conference on Trade and Development (UNCTAD), exploring the risks for the world's poorest economies and the threat of widespread inflation.