The economist who predicted the 2008 financial crash reveals why the Iran war is not just about oil prices but is about to hit the global food supply within months. Professor Steve Keen explains that 20 to 30 percent of the world's fertiliser passes through the Strait of Hormuz, a 21-kilometre chokepoint that Iran now controls, and that without fertiliser the planet can only support between one and two billion people.
He warns that India could run out of fertiliser within two to three months, triggering a famine in a country of over a billion people, and that global food production could fall by 10 to 25 percent, creating a famine the world has never experienced before. He reveals that Australia has only 30 days of oil supply, meaning food cannot get from farms to cities once that runs out.
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