Business A.M
No Result
View All Result
Thursday, April 23, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Comments

The threatening global food crisis on Hormuz closure

by NWACHUKWU
April 23, 2026
in Comments
Making for sustainable food security in Africa (2)

Global food security obviously, seems to be heading for a raw deal, and drifting to the edge of a precipice, as the closure of the Strait of Hormuz has persisted since the Iran war in the Gulf region erupted on 28th of February, 2026. The closure has actually disrupted the seamless flow of the global energy supply chain, by as much as 30 percent reduction in global fertilizer trade, with the critical energy supplies for fertiliser production. The looming fertiliser crisis is the aftermath of this triggered supply shock on volume of fertilizer exports, which amounted to about 1.33 million tons of nitrogen-intensive fertiliser in the first month; of daily passage of energy (LNG) carriers and oil tankers that have suddenly scaled down, by as much as a fifth of a normal daily traffic. Global agribusiness is already experiencing identified hiccups along the value chain of global food production systems. One therefore needs to imagine what becomes of the future and the fate of humankind in terms of global food scarcity, if the Iran war and tension around this waterway chokepoint lingers. Obviously, the threat of global food supplies shortages and food crisis would throw the entire globe into a state of acute hunger; with $3.5 trillion equivalent to 3.15 percent of global GDP at risk in a prolonged closure of the Strait of Hormuz.

 

It is a known fact that “hunger” is a critical issue in man’s survival, and should therefore, not be allowed to creep in as a weapon against mankind, globally. This matter of shortage of food globally is a serious matter because it generally affects human functional ability. International politics and diplomacy play a major role in influencing the direction this critical human issue takes. Looking at the conflicts across the Gulf region points to exploring the narrative of negotiations in resolving the impasse over ship traffic through the Strait of Hormuz by peacefully reaching a resolution that will achieve a lasting solution. Otherwise, the announced deployment of mines by the Islamic Revolutionary Guards Corps (IRGC) that effectively closed it and the threat against any vessel entering, which immediately exerted pressure on the global shipping market and resulted in a sharp rise in oil prices due to fear of supply disruption, would be catastrophic to global food production. This is the genesis of the disruption to the seamless flow of the global fertiliser supply chain. A diplomatic pathway therefore, should be the simple peaceful option. It is a strategic means to amicably strike a veritable deal to quench the possibility of throwing the entire globe into food poverty, food insecurity and, eventually, the global spread of hunger. 

 

The energy and agriculture sectors in all the global economies are two very important complementary socioeconomic pillars that sustain human activities and performances; backed with enabling logistics, critical work ethics and determined implementation of scheduled framework patterns. Agricultural global supply value chain systems, ongoing farming operations, agricultural ancillary services, and other allied services, require uninterruptible energy flow at any point of the global oil shipping routes to maintain sustainable energy supply through this particular global energy trade route. The recently held highest level in-person talks between Iran and the US in Pakistan ended without a conclusive resolution. This peaceful resolution is essential and very necessary to allow a reconnected global energy flow system that averts the impending global food crisis, should the impasse over control of the Strait of Hormuz persists. 

 

Counting the cost of the Iran war obviously incorporates the feared global recession as already alerted by the United Nations (if the Gulf conflict persists). Many nations all over the world are already facing the trilemma over challenges that bother on economic setbacks, the ongoing energy shortfall with energy crisis; and global food scarcity. Already, Iran has put her initial losses at $270 billion; while the global trade disruption puts every economy on the spot with global supply chains facing sudden destructive and unusual daily distress from the Iran crisis, the effects of which will continue to be felt thereafter (occasioned by the blocked shipments of critical raw materials from the region). No country is actually left out from feeling the pinch and the obvious distressing economic brunt. Food insecurity has turned out to be a worrisome issue in the global future because food inflation in a place like Nigeria has risen to 14.31 percent (according to the National Bureau of Statistics). The impact of the ongoing US-Israeli dispute with Iran with the closure of the Strait of Hormuz could spark an acute global recession, as it bothers on food, energy and the overall economic wellbeing of nations. This could result in unimaginably catastrophic and massive hunger for mankind; unless it is urgently resolved by the warring nations (US and Iran) over who controls the Strait of Hormuz.                             

business a.m. commits to publishing a diversity of views, opinions and comments. It, therefore, welcomes your reaction to this and any of our articles via email: comment@businessamlive.com

NWACHUKWU
NWACHUKWU
Previous Post

Reintegration without justice: Nigeria’s dangerous security gamble

Next Post

Unilever’s CEO:Going for broke with marketing levers on social media influencers

Next Post
The hemorrhage days’ ghosts are lurking within Nigerian Breweries

Unilever’s CEO:Going for broke with marketing levers on social media influencers

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Oil shock: Before Iran 2026, there was Yom Kippur 1973

The successful failure of Vice President JD Vance

April 23, 2026
Africa’s rising consumer market: A flight path for regional air travel

African airports: From expansion to profitability in a volatile 2026

April 23, 2026
Ports as power: Nigeria’s economic lifelines under transformation

Nigeria’s economic future requires true multimodal transport system

April 23, 2026
The hemorrhage days’ ghosts are lurking within Nigerian Breweries

Unilever’s CEO:Going for broke with marketing levers on social media influencers

April 23, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Oil shock: Before Iran 2026, there was Yom Kippur 1973

The successful failure of Vice President JD Vance

April 23, 2026
Africa’s rising consumer market: A flight path for regional air travel

African airports: From expansion to profitability in a volatile 2026

April 23, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M