- US military conducted drills in Caracas on May 29, while Iran simultaneously released a new map claiming control over the Strait of Hormuz.
- Conflict in the Middle East has led to the closure of the Strait of Hormuz, causing vital energy, food, and fertilizer flows to be disrupted, leading to inflationary pressures.
- Disruptions in the Strait of Hormuz are causing issues with oil, LNG, and fertilizer supply chains, impacting Africa and the global food system.
The closure of the Strait of Hormuz is impacting regional trade, leading to fertilizer supply chain issues tracked by IFPRI.
3 reports, 3 independent
Updated Sep 1
Gone quiet
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The closure of the Strait of Hormuz is impacting regional trade, leading to fertilizer supply chain issues tracked by IFPRI.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Hormuz
city in Hormozgan Province, Iran
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International Food Policy Research Institute
Organization
Nothing else this week.
Related events
- Pressure at Hormuz affects Middle Eastern supply lines, while El Niño prompts Panama Canal conservation measures and US-China trade recovers.
- Food imports through Hormuz are facing blockades due to ongoing war disruptions, necessitating local production efforts.
- Crude oil is being transported through the Strait of Hormuz destined for Asia.
- Supply chain problems are currently affecting price outlook due to the conflict impacting transit through the critical Strait of Hormuz.
- Strait closure threatens global energy supplies following attacks on shipping in the Middle East.
Coverage
Newest first; wire copies grouped- kxel.com
- hellenicshippingnews.com
- oilprice.comThe Strait of Hormuz Closure Is Already Hitting Supermarket Prices | OilPrice.com