And diesel prices (which underpin essentially all industry and production) have gone even more brrrrrrrrrr. Which means just about everything else will be shooting up in price soon if the strait remains closed…
And much of the world’s fertilizer is shipped out of the strait of hormuz,and it’s currently spring, when fields would be getting fertilized right now. So food prices will jump too, and crop yields will be Lower
Gas prices go brrrrrrr
And diesel prices (which underpin essentially all industry and production) have gone even more brrrrrrrrrr. Which means just about everything else will be shooting up in price soon if the strait remains closed…
And much of the world’s fertilizer is shipped out of the strait of hormuz,and it’s currently spring, when fields would be getting fertilized right now. So food prices will jump too, and crop yields will be Lower