Hormuz Gridlock Could Trigger a Global Food Shock, ICC Chief Warns
A prolonged disruption in the Strait of Hormuz could rapidly ripple through global food markets by choking off fertilizer feedstocks, raising shipping costs and tightening supply chains, according to the head of the International Chamber of Commerce. The warning comes as analysts and industry groups increasingly flag the vulnerability of agricultural inputs to Middle East instability, with world food prices already exposed to fresh inflationary pressure.
