The Islamic Revolutionary Guard Corps (IRGC) Navy reported that an explosion and subsequent fire occurred in the tanker's engine room. As this information originates from a single source, the specific details of the incident remain unverified by independent parties.
Hormuz situation could drive grain prices up by as much as 80% — ICC
Summary
According to ICC Secretary General John Denton, countries such as the Philippines, which import up to 90% of the fertilizers they need, are the most vulnerable under the current circumstances
Actors involved
Sources
- TASS (Russia)(Russian State)
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