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The escalating conflict between Israel, the United States, and Iran has triggered a sharp spike in fertiliser costs, threatening the global agricultural cycle as planting seasons approach. Roughly 33 per cent of the world’s fertilisers transit through the Strait of Hormuz, where maritime traffic has effectively frozen since the outbreak of hostilities on February 28….
The assassination of Iran’s Supreme Leader has plunged global markets into a “prolonged period of flux,” the head of the IMF warned on Thursday. Kristalina Georgieva told the “Asia in 2050” conference in Bangkok that the escalating conflict between Iran, Israel, and the United States is a severe test of global economic resilience. Brent crude…
