UN Warns: Strait of Hormuz Closure Could Spike Global Food Prices, Crush Vulnerable Economies
The United Nations Trade and Development (UNCTAD) agency has issued a stark warning that Iran’s blockade of the Strait of Hormuz amid the US-Iran war risks surging food prices worldwide, exacerbating cost-of-living crises for the poorest nations. Chokepoint Carries 38% Global Oil, Key Food Inputs The vital waterway handles 38%
Russia Warns of Oil Crisis from Strait of Hormuz Closure
Russia cautioned on March 1, 2026, that closing the Strait of Hormuz—carrying 20-30% of global oil—would trigger severe supply disruptions, spiking prices and risking economic shocks worldwide. Global Energy Impact A shutdown could lock 20% of LNG exports in the Gulf, halt crude from Saudi Arabia, Iraq, UAE, and Iran
