international development economics
By lens · 1 takes across the edition
Quantifies global supply-chain damage: the Hormuz closure cut global nitrogen fertilizer supply by an estimated 18% at peak disruption, projects 2026-27 global wheat output 3-4% below trend, and flags food import-dependent MENA and Sub-Saharan Africa states as most exposed to prolonged food inflation.
“The Hormuz closure cut global nitrogen fertilizer supply by an estimated 18% at its peak, with downstream effects on 2026-27 wheat output of 3-4% below trend.”