World Bank on Iran War: No sooner has the world recovered from one crisis than another one emerges. The increasing tension of war around Iran has now created a crisis on the plate of the whole world. The World Bank has issued a very scary warning, according to which, due to this stress, about 45 million people around the world may reach the verge of starvation.

According to the World Bank’s ‘Food Crisis Alert’ report, if the war situation in and around Iran worsens, the global supply chain will completely collapse. The Strait of Hormuz located near Iran is one of the busiest sea routes in the world. Not only oil but also a large part of grains and fertilizers passes through here. If this route is affected then the prices of food items will start touching the sky.

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Which countries will be worst affected?

In the report, experts said that its worst impact will be on those poor and developing countries which are already facing the brunt of inflation and climate change. There is a danger of malnutrition and social instability increasing due to food shortage and rising prices. The World Bank has made it clear that if the war drags on, global food security will go back decades.

The World Bank has especially warned about the ‘energy-food link’. It has been said in the report that if the prices of crude oil increases due to Iran War, it will have a direct impact on the cost of farming. Natural gas is required to make fertilizer and diesel is required to harvest and transport crops. When energy is expensive, it becomes difficult for farmers to farm, which can reduce global grain production.

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That is why the World Bank has seen it not just as a regional tension, but as a ‘global commodity shock’, which can shake both developed and developing economies.

Why do prices of everything increase?

War is not fought only on the borders, its echo reaches the kitchen of the common man. Due to rise in oil prices, the cost of farming and transportation increases, due to which everything becomes expensive. The international community is currently under immense pressure to prevent this potential humanitarian disaster.