Hormuz Strait disruptions could lead to global food security crisis, International Chamber of Commerce Chief warns

Disruptions in the Strait of Hormuz could trigger a global food security crisis, the secretary general of the International Chamber of Commerce John Denton has warned. If the crucial waterway remains closed, grain prices could surge by up to 80 percent, according to the Wall Street Journal. The strait's status has also caused a shortage of approximately 2.7 million tons of fertilizer on the world market, a decline of nearly 40 percent.

These obstacles could disrupt international agricultural output and food supplies, particularly impacting countries reliant on imports. The International Chamber of Commerce is collaborating with the United Nations and the International Maritime Organization to establish a mechanism for temporary management of navigation through the waterway by the UN Secretary General.

However, the ongoing tensions between the United States and Iran have impeded the implementation of this plan.