Strait of Hormuz closure: Fertiglobe CEO on the risk of global food supply disruption
🔴 Tension RisingCNBC2026-05-06
The closure of the Strait of Hormuz poses a significant risk to the global food supply chain, particularly with rising urea prices potentially driving up food costs. Fertiglobe CEO discussed proposed solutions and mitigation strategies. Deteriorating US-Iran relations exacerbate concerns about energy security.