Dmitriev announced a possible agricultural crisis due to the closure of Hormuz.

Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF) and special representative of the President of the Russian Federation for investment and economic cooperation with foreign countries, announced on March 23 a possible agricultural crisis due to the closure of the Strait of Hormuz.

Thus, he commented on the publication of the international rating agency S&P Global about the destabilization of the fertilizer market against the background of the closure of the Strait of Hormuz.

"The Strait of Hormuz and the destabilization of the fertilizer market. The agricultural crisis is next in line," Dmitriev said in a statement to X (ex. Twitter).

To disrupt the harvest: a third of the fertilizer trade stopped due to the Iranian crisis

Disruption of supply leads to higher prices and could trigger a food crisis in Africa and Asia.

Iran International TV channel reported on March 21 that Iran will impose a fee for the passage of ships through the Strait of Hormuz worth up to $ 2 million. The Parliament of the Republic notes that this practice is widespread in a number of key sea routes and can contribute to the growth of budget revenues and improve the safety of navigation.

American leader Donald Trump said on March 21 that if Iran does not open the Strait of Hormuz, the United States will strike at power plants in 48 hours. The military will strike and destroy various power plants, starting with the largest one, he threatened.

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