US farmers pay price of Strait of Hormuz closure
The Strait of Hormuz carries a significant share of the world’s energy and agricultural inputs.
Disruptions since the outbreak of hostilities between the US and Iran are constraining flows of oil, gas and fertilizer, with ripple effects reaching far beyond the Middle East.
As the US begins its naval blockade of Iran’s ports, America's farmers are already feeling the repercussions, a few weeks out of the start of planting season.
Hormuz Blockade Economic Fallout
- Sky-high prices for physical barrels reveals the real turmoil in oil markets The Globe and Mail —
- How US blockade on Iran will worsen energy crisis Al Jazeera —
- How US blockade on Iran will worsen energy crisis | #ajshorts 📹 Al Jazeera — · 2min
- IMF cuts global growth forecast during Hormuz blockade Al Jazeera —
- Iran war could plunge more than 30 million into poverty, UN warns The Hill —