The world is "sleepwalking into a global food crisis" as Iran's interference in a major international shipping corridor threatens food supplies and destabilizes global trade, British Foreign Secretary Yvette Cooper said Monday.
Speaking at the Global Partnerships Conference in London, Cooper said daily shipping traffic through the crucial waterway has plummeted from 90 ships a day to just five over the last three months, leaving 20,000 seafarers and 800 ships "just stuck."
She warned that the blockage of heating oil, gas, and fertilizer is devastating the Global South and threatening the agricultural calendar. Citing World Food Program data, she stated that 45 million people are at risk of acute hunger this year.
"The world risks sleepwalking into a global food crisis. And we cannot risk tens of millions of people going hungry because Iran has hijacked an international shipping lane," she pointed out.
To cushion the immediate economic impacts, she announced that British International Investment (BII) will deliver over £4.6 billion ($5.3 billion) for climate investment in emerging markets to support the green transition and build energy security.
