The head of the UN a task force to facilitate the safe passage of fertilizers and related raw materials via the Strait of Hormuz, warned of a looming food crisis as fertilizer shipped through the vital lifeline is blocked ahead of the planting season.
As the Persian Gulf crisis continues, time is ticking for farmers who rely on fertilizer shipped via the strategic trade route - and millions worldwide who depend on their crops, particularly in vulnerable countries such as war-torn Sudan.
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Political News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.