A global food emergency: Why the closed Strait of Hormuz puts half the world’s calories at risk
Source ↗
👁 1
💬 0
The global energy crisis caused by the closure of the Strait of Hormuz is only the beginning of the economic cost of the war with Iran.
I study how institutions affect businesses and supply chains, and I expect food prices to rise next, with high prices lasting even after whatever point hostilities end.
Along with about 20% of the world’s crude oil trade and a similar share of the world’s liquefied natural gas shipments, shipping traffic through the strait also carries roughly a third of i
I study how institutions affect businesses and supply chains, and I expect food prices to rise next, with high prices lasting even after whatever point hostilities end.
Along with about 20% of the world’s crude oil trade and a similar share of the world’s liquefied natural gas shipments, shipping traffic through the strait also carries roughly a third of i
Comments (0)