Iran War Creates Critical Shortage of Natural Gas, Threatens Global Food Supplies
The Trump administration's decision to go to war with Iran has far-reaching consequences that extend beyond oil supplies. One critical commodity affected by this conflict is natural gas, a key component in producing fertilizer for crops.
Agricultural fertilizer relies heavily on natural gas as its primary raw material and energy source. In fact, 70-80% of the energy used to produce fertilizer comes from natural gas.
The attack on Iranian gas fields has led to retaliatory strikes by Iran on gas production facilities in other countries, including Israel's attacks on Iranian gas fields.
This has resulted in a significant increase in the cost of natural gas, which will have a ripple effect on food prices globally. With 15% of all natural gas consumed by the US agriculture industry, these shortages will be particularly damaging to American farmers and consumers.