Update on the Global Agrifood Implications of the 2026 Conflict in the Middle East - The Work We Do

The Strait of Hormuz has been effectively closed since 28 February. As of 13 April, vessels are still not moving in meaningful numbers. The last ships to leave before the blockade are now reaching their destinations, meaning the real supply gap is only beginning to materialise . Key messages: • Before the conflict began, the strait carried 30-35% of global crude oil, 20% of natural gas, and up to…