As the war in Iran drags on, countries around the world are facing increasingly constrained policy and economic choices. Fuel and fertilizers are chief concerns as prolonged instability around the Strait of Hormuz threatens one of the world’s most critical energy chokepoints, through which roughly a fifth of globally traded oil and significant volumes of liquefied natural gas (LNG) pass.
Even without direct supply interruptions, heightened insurance costs, rerouted shipping, and market forces are increasing global fuel and food prices. In lower-income areas, this increases risks of malnutrition and debt, particularly among communities already vulnerable to climate shocks…
Source: CSR Blog – The Council on Strategic Risks
CSR Blog - The Council on Strategic Risks
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