WTO worries about food security in Southeast Asia

WTO worries about food security in Southeast Asia

YAOUNDÉ, Cameroon—Fertilizer shipment bottlenecks threaten food security across Southeast Asia, amid the ongoing conflict in the Middle East, a World Trade Organization (WTO) official said. The Strait of Hormuz, located between Oman and Iran, carries about one-quarter of global seaborne oil trade, along with significant volumes of liquefied natural gas and fertilizers, such as urea […]...Keep on reading: WTO worries about food security in Southe…

Analysts say Middle East war could result in food and social stability crisis in Southeast Asia

A recent analysis in The Diplomat says that the current oil shock could escalate into a broader economic and social crisis in Southeast Asia and that it could follow a four-stage trajectory. The authors explained that this is nothing new for governments in the region, which have had to contend with the oil shock of 1973, the Asian financial crisis from 1997 to 1998,  the food-price crisis from 2007 to 2008, and the crisis brought about by the Co…