The war in Iran has created a surge in energy costs, reportedly raising fertiliser prices by 60% with a knock-on-effect on food systems.
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The war in Iran has created a surge in energy costs, reportedly raising fertiliser prices by 60% and creating a knock-on-effect on food systems. An article published in the Global Food Security journal has highlighted the impact the unrest in the Middle East has had on food supplies and the potential increase to the cost of food on supermarket shelves. It states that modern food systems are “structurally dependent on stable energy markets, open maritime trade routes, and predictable geopolitical conditions”. The article highlighted that energy is “central” to food systems, with fossil fuels powering “irrigation, fertiliser synthesis, cold chain logistics, and freight transport.” It said that modern food systems consume an estimated 10 fossil fuel calories per food calorie produced. Strait of Hormuz According to the article, the Strait of Hormuz, through which approximately 20% of global petroleum and one-fifth of liquefied natural gas (LNG) trade transits daily, represents one of ...