War-linked energy shocks spark global fertiliser crunch and food-price fears
The World Bank warns that the Iran conflict is driving a global fertiliser shortage by lifting natural‑gas prices, increasing fertiliser costs and squeezing farmers’ margins, which could curb next year’s harvests even as Europe remains comparatively insulated for the current season. FAO notes shipping disruptions through the Strait of Hormuz are pressuring Asia and the Global South, risking higher food prices and inflation unless energy markets stabilise and fertiliser supply chains recover. Analysts say persistent high input costs could require tighter monetary policy in some economies, and experts call for urgent European action and a shift toward strategic autonomy over fertiliser inputs to stabilise the global food system.
