Energy and Food Security Risks Surge Following Strike on Iranian Crude Oil Terminal at Kharg

The energy crisis deepened after a strike on the Kharg Island oil terminal in Iran threatened to push global oil prices above 120 dollars per barrel.Concurrent warnings from the chief executive officer of Yara International indicate that a potential closure of the Strait of Hormuz could trigger catastrophic fertiliser shortages.These combined economic shocks risk reducing global crop yields by 50 percent while simultaneously increasing the threat of hunger in vulnerable nations.
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