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😏 Vitol LNG division head ( warned: the closed Strait of Hormuz will turn the energy crisis into a food crisis, as only gas powers fertilizer production.
ℹ️ Even if the Strait of Hormuz opens today, recovery will take 3–5 months; in the long run, the market will lose ~20 million tons/year of LNG supply growth in 2027–2028 due to damage to Qatari facilities. 70% of American farmers have already said they won’t be able to buy the required amount of fertilizer in 2026.
)#IsraelStrikesIranBTCPlunges #IntelandTexasInstrumentsSurge #CryptoMarketSeesVolatility