The Closure of the Strait of Hormuz Could Cause Widespread Global Food Shortages

If commercial traffic through the Strait of Hormuz remains paralyzed for months, we will witness a global food crisis on a scale that many experts would have once considered to be unthinkable. Over the past couple of weeks, there has been much written about how the closure of the Strait of Hormuz has caused the price of oil to rise, has caused the price of natural gas to soar to insane levels and has caused the average price of diesel in the United States to jump above five dollars a gallon. But I think that the bigger story is what the closure of the Strait of Hormuz could mean for global food supplies.Normally, approximately one-third of all globally-traded nitrogen fertilizer and approximately one-half of all globally-traded sulfur passes through the Strait of Hormuz…Read More: https://basedunderground.com/fertilizer-shock-the-closure-of-the-strait-of-hormuz-could-cause-widespread-global-food-shortages/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.