Hormuz Closure Triggers Global Food Shock Warning
🌾 FOOD SUPPLY — The energy crisis has a second front, and it runs through grain markets. 📌 LOOK CLOSER: Hormuz disruption hits food via three channels: fertilizer feedstock (Gulf urea), fuel costs for agricultural machinery, and freight repricing on grain routes. With OECD reserves already stressed and the 90-day supply clock public, a food shock compounds the political cost of Doha failure — hitting import-dependent states in MENA, South Asia, and sub-Saharan Africa hardest.
