The closure of the Strait of Hormuz earlier this year exposed a gap in global governance that four years of post-Ukraine policy debate have done little to address. Fertilizers, an industrial input as fundamental to modern food production as seeds and water, have no strategic reserve, no multilateral monitoring system and no emergency-sharing mechanism comparable to those built around oil. When the Strait of Hormuz effectively closed in February, governments were once again confronted with the sa

Source: Arab News