Overview of the Situation at the Strait of Hormuz
- The Strait of Hormuz is still blocked.
- Even worse, this blockade could continue.
- During an interview on LCI, Yara Rizk, a specialist in geopolitics, discusses the potential consequences this could have on our food supply.
For the past few weeks, the Strait of Hormuz has been blocked, and this is not without consequences. According to Yara Rizk, a geopolitics specialist, there will be a significant impact on the Iranian regime, as well as on the global economy, due to many ships self-censoring. She even mentions a potential food crisis that is imminent. She explains that it takes about six months for the impact on food availability to become tangible because farmers are currently in the planting season, and the agricultural calendar is crucial.
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Yara Rizk points out that not only have fertilizer prices increased, but there is also a shortage issue among other fertilizer suppliers. China and Russia, for example, have reduced their fertilizer exports to become more self-sufficient. This creates problems both in terms of costs and quantity.
Lastly, she highlights another issue that is not often mentioned, which is that Jebel Ali, one of the main ports in Dubai, is a major port for import and export. However, its logistical channels have also been blocked for several weeks, causing African countries to not receive soybeans or other cereals from countries like Brazil, as well as wheat from Ukraine.
