The illegal US-Israeli war on Iran has also resulted in severe fertilizer shortages, posing the threat of a major food crisis across Latin America, Southeast Asia, and Africa

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The CEO of US energy giant Chevron, Mike Wirth, warned on 4 May that crude oil shortages have begun due to the closure of the Strait of Hormuz and the effects of the US-Israeli war against Iran.

[…]

He went on to say that while the US would be less affected, it would not be exempt from the effects of the growing crisis. The last scheduled shipment ​of oil from ​the Gulf is ⁠being offloaded at the Long Beach Port that supplies Los Angeles and south California, Wirth said.

The situation in the Strait of Hormuz has caused effects “potentially as big as ​in the ⁠1970s,” the CEO stated, referring to the 1973 Arab oil embargo.

[…]

Oil prices are once again surging as a result. The Brent crude benchmark for global oil prices hit $114.44, rising by six percent. As of 5 May, the price stands at just under $114.

  • DasRav [any, any]@hexbear.netEnglish
    20·
    1 month ago

    We really needed the figurehead of one of the largest polluters on the planet to point this out, no one else knew about it for several weeks.

    Thank you, the media, always on the ball and on the pulse.