Trade officials, including UNCTAD's Director of International Trade and Commodities Luz Maria de la Mora and African ministers
Trade officials, including UNCTAD's Director of International Trade and Commodities Luz Maria de la Mora and African ministers, warn that the ongoing US-Israel war on Iran is significantly increasing fuel and fertilizer costs across Africa, posing a severe threat to food security. The crisis around the Strait of Hormuz has disrupted supply chains, with Uganda's fuel prices more than doubling and its currency losing 10% of its value against the US dollar. In Zimbabwe, over 70% of the population relies on agriculture, making rising input costs a critical concern. Officials emphasized the urgent need to resolve the conflict to prevent further impact on global food availability and prices.
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