Russia's newspapers highlight escalating Middle East tensions with US-Iran exchanges, intensified Ukrainian attacks on Russian civilian targets prompting retaliation, and rising risks of a global food crisis due to conflict and supply disruptions.
Maximo Torero, Chief Economist at the FAO, warns that the war in Iran is severely disrupting the global fertilizer supply, potentially leading to a food crisis within a year.
Foreign Secretary Yvette Cooper warns the world is at risk of a food crisis due to the closure of the Strait of Hormuz and aid cuts. The Global Partnerships Conference in London discussed new approaches to international development, but concerns remain about the UK's reduced aid budget.
Disruptions around the Strait of Hormuz, linked to the US-Israeli war on Iran, are escalating global food prices. Potato futures have surged over 700% in a month due to concerns over fertilizer and energy costs, impacting global food security.
Asia’s next food crisis is under way. After the US-Israeli strikes on Iran, shipping through the Strait of Hormuz collapsed, sending shock waves across energy, fertiliser and food systems. Fuel, freight and fertiliser costs are rising sharply, amplified by skyrocketing insurance premiums – feeding directly into the price of every tonne of fertiliser that still reaches the market. The scale of disruption reflects the strait’s outsize role in global trade. It carries around one-third of globally...
At World Bank/IMF meetings, global financial leaders warned that risks dominate as the Gulf conflict threatens food security. With the Strait of Hormuz closure disrupting energy trade, food shortages and famine are now likely for millions in vulnerable African and Asian countries after only seven weeks, writes the author.
