Why developing nations could be the first to suffer as the Middle East conflict raises food prices
GEOPOLITICAL tensions rarely stay confined to the battlefield. They ripple through global markets – particularly energy and food. The war between the US, Israel and Iran is a reminder of how quickly conflict can affect food security far beyond the region. One of the most consequential developments of this conflict has been the disruption of shipping through the Strait of Hormuz, a narrow waterway through which roughly a fifth of the world’s oil and gas normally passes. Iran has also targeted energy infrastructure in neighbouring Gulf states. Oil and gas facilities in Saudi Arabia, Kuwait and Qatar have reportedly halted…
