Hormuz disruption sends shock through oil and food supply chains

Government

May 10 (Asia Today) -- Supply chain disruptions caused by the Iran war are spreading beyond oil markets into global food and chemical industries, as shipping through the Strait of Hormuz remains heavily restricted, according to reports Friday from Bloomberg, The Washington Post and The Wall Street Journal. Global oil inventories declined by roughly 4.8 million barrels per day between March 1 and April 25, while disruptions have affected about 30% of global urea supplies, triggering planting

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