Iran War Sends Shockwaves From Energy Markets to Global Food Supply

The war in Iran is pushing up oil and gas prices, but the impact is spreading far beyond energy markets. Chrystia Freeland highlights how farmers are facing a “double whammy” as both fuel and fertilizer costs surge at a critical moment in the planting season. Fertilizer expert Josh Linville says global nitrogen supplies have tightened dramatically due to disruptions in the Strait of Hormuz, while CoBank CEO Tom Halverson warns that farmers are already under pressure from weak crop prices and rising input costs. With fertilizer shortages threatening yields, the conflict could soon translate into higher food prices and renewed inflation around the world. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts