Global food supplies could be badly hit if Iran war drags on, says fertiliser boss

AI Summary

The CEO of Yara International, one of the world's largest fertiliser companies, has warned that a prolonged Iran war and Strait of Hormuz closure would be catastrophic for global food supplies. Svein Tore Holsether urged global leaders to act before soaring food prices devastate the world's poorest countries. The warning underscores how the geopolitical conflict is threatening agricultural supply chains worldwide.

Yara’s Svein Tore Holsether says it would be ‘catastrophic’ if the strait of Hormuz was closed for a year The boss of one of the world’s largest fertiliser companies has said global food supplies could be badly damaged this year if the Iran war becomes an extended conflict. Svein Tore Holsether, the chief executive of Norway’s Yara International, has called on global leaders to consider the impact that soaring food prices will have in some of the world’s poorest countries “before it is too late”. Continue reading...