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.