WSJ warned about the risk of a food crisis in the United States

The United States may face a food crisis due to the deteriorating situation in the global fertilizer market. This was stated on August 28 by Jeff Steir, advisor to the Heartland Institute, in a column for The Wall Street Journal (WSJ).

"The volatility of fertilizer prices threatens to undermine two pillars of the administration's internal priorities: controlling inflation, especially food inflation, and consuming more fruits, vegetables, and whole grains," Steyr wrote.

According to him, the problems in the fertilizer market are related to several factors, including the conflict in Ukraine, the situation around the Strait of Hormuz and China's restrictions on exports. The expert noted that Washington needs to strengthen domestic fertilizer production and reduce dependence on external supplies.

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On August 28, CNN pointed out the negative consequences of the conflict between the United States and Iran for the world. It was noted that Iran's closure of the Strait of Hormuz has led to global disruptions in the trade of oil, gas and fertilizers.

On June 6, Ryan Perkins, senior analyst at Global Economic Indicator, told Izvestia on the sidelines of the St. Petersburg International Economic Forum about the global shortage of energy and fertilizers due to the war in Iran. Based on this, he predicted a big shock to the world in the third and fourth quarters of this year.