16:02 - 14.04.2026
April 14, Fineko/abc.az. A prolonged crisis in the Strait of Hormuz could disrupt the supply of oil, gas and fertilizers, leading to higher food prices and lower yields, ABC.AZ informs with reference to the Food & Agriculture Organization of the United Nations.
According to the organization's estimates, up to 30-35% of the world's oil, 20% of gas and up to 30% of fertilizers are at risk. Rising energy prices are already raising the cost of living and hitting vulnerable countries hardest.
FAO calls for avoiding export restrictions and reviewing biofuel requirements. Despite the rising costs, food prices remain stable for the time being, but this is temporary.
Poor countries carry the greatest risks: resource disruptions can quickly reduce production, accelerate inflation, and slow global economic growth.
