The escalation in the Iran conflict and bottlenecks through the Strait of Hormuz are sending shockwaves far beyond oil markets.
Fertilizer shipments are delayed, pushing up costs and threatening crop yields.
Freshwater scarcity in key agricultural regions adds another layer of risk, highlighting just how fragile global food systems have become.
Could food and water become the next geopolitical flashpoint?
On this edition of The Agenda, Juliet Mann speaks to Ertharin Cousin, CEO of Food Systems For the Future, and Maximo Torero, chief economist at the UN Food and Agriculture Organization.
0:20 – Global resource insecurity overview
0:45 – Gulf conflicts and fragile food systems
1:15 – Ertharin Cousin: Food as geopolitical power
2:26 – The role of nations in global trade
4:43 – Protectionism vs. global collaboration
6:36 – Water scarcity as a conflict factor
9:45 – Political impact of rising food prices
12:03 – Wealth divide in climate resilience
14:12 – Limits of global markets in absorbing shocks
16:02 – Long-term impacts on 2026-2027 prices
17:42 – Maximo Torero: Strait of Hormuz disruption
18:44 – Cost explosion: Fuel, fertilizer, and inflation
19:42 – Regions and farmers hit hardest
20:54 – Fiscal pressures and supply chokes
21:37 – Moving to a permanent structural shift
22:17 – China's resilience and agri-tech divide
23:30 – Managing risk and climate uncertainties
24:05 – Accelerating the agri-tech innovation race
26:11 – 4 urgent actions to fix the food crisis
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