A prolonged disruption in the Strait of Hormuz could result in a global food “catastrophe”, the Food and Agriculture Organization (FAO) has warned, as shipments of critical agricultural inputs remain blocked in the key waterway due to the US-Israel war on Iran.
Food prices have not risen yet because existing stocks are absorbing the shock, the United Nations body’s chief economist, Maximo Torero, said in an interview on Monday, alongside David Laborde, director of FAO’s agrifood economics division.
But if traffic through the strait does not resume, the shocks to energy and fertiliser markets will translate into higher commodity and retail prices later this year and into 2027, Laborde added.
Exports of 20 to 45 percent of key agrifood inputs rely on sea passage through the Strait of Hormuz, according to the FAO.
Wheee, polycrisis is such a fun way to describe the modern world. Let’s just have every possible crisis all at once.
I’ve always liked the idea of a movie where multiple apocalyptic events are happening simultaneously and independently from each other. Dinosaurs, androids, viruses, zombies, aliens, all that crap.
It almost feels like that’s coming true, we have to worry about climate change, AI, and MAGA
We’re crisismaxxing here, yo