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The world is on the cusp of an 'era of extreme scarcity'. Enter Vladimir Putin
Vladimir Putin's Russia is benefitting from the sharp rise in fertiliser prices. (Sputnik via Reuters: Mikhail Klimentyev)
The Strait of Hormuz blockade could offer a major windfall for Russia, both financially and diplomatically.
Russia is a major producer of fertiliser and can export to the world without having to pass through the strait.
There are fears Russia could use the prospect of a global food crisis as leverage with nations desperately in need of supplies.
Global food agencies are holding their breath, fearing protracted Strait of Hormuz blockages could cause tens of millions of people to slip into hunger.
The blockade sent ripples through global markets, spiking fuel and fertiliser prices, triggering concerns about the long-term consequences for the world's ability to produce enough food.
Sowing discord: How Russia is making the most of a global fertiliser shortage
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Amid fears of an Iran war-fuelled global food crisis, Moscow is weaponising access to its fertiliser supplies in both Western countries and developing economies
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