😏 Head of Vitol's LNG division (, the world's largest independent oil trader, warned: the closed Strait of Hormuz will turn the energy crisis into a food crisis, as only gas fuels fertilizer production.

ℹ️ Even if the Strait of Hormuz reopens today, recovery will take 3-5 months, and in the long term, the market will lose approximately 20 million tons per year of LNG supply growth in 2027-2028 due to damage to Qatari facilities. 70% of American farmers have already stated that they will not be able to purchase the necessary amount of fertilizers in ).