GM ☕ Waking up to news that could have a much bigger impact than just oil. The war involving the US, Israel, and Iran is affecting traffic in the Strait of Hormuz, one of the world's most strategic maritime routes. The flow of ships has dropped drastically, and this is beginning to affect the global fertilizer trade. It may seem distant, but fertilizers are the basis of agricultural production. When these inputs rise in price, the cost of food production also rises. Analysts are already warning of a possible chain reaction in global food prices in the coming months. Geopolitics sometimes seems distant… but conflicts in strategic trade routes can end up reflecting on the price of energy, fertilizers, and food. Now I'm curious. How are food prices where you live? Sources: Reuters, Business Insider #CtbrWeb3 #News