
"With the Strait of Hormuz blocked, vessels are being rerouted and supply chains are under strain. The disruption is pushing up the costs of almost everything from factories to supermarket shelves thousands of miles away."
"The United Nations warns that rising food, oil and shipping costs could push an additional 45 million people into acute hunger taking the global total above its record of 319 million."
"The longer the Iran conflict continues, the greater the pressure on businesses and consumers worldwide."
The Iran conflict creates cascading disruptions across global supply chains, beginning with energy shocks and extending to food security. The blockade of the Strait of Hormuz forces vessels to take longer routes, straining logistics networks and increasing transportation costs. These disruptions ripple through manufacturing and retail sectors, raising prices for consumers worldwide. The UN warns that escalating food, oil, and shipping expenses could drive 45 million more people into acute hunger, exceeding the previous global record of 319 million. The longer the conflict persists, the greater the economic pressure on businesses and consumers across all continents.
Read at www.aljazeera.com
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