Oil crisis: Rising food costs may hurt farmers, and push up inflation - IEA chief

Description

The continuing Strait of Hormuz closure has renewed focus on global energy security and energy transition debates. During a visit to Chatham House on 21 May, Dr Fatih Birol, Executive Director of the International Energy Agency, warns that rising energy prices and the continuing closure of the Strait of Hormuz could drive up fertiliser and fuel costs, placing pressure on global food production and agricultural supply chains. #ChathamHouse #EnergySecurity #FoodSecurity #Inflation #IEA