The Department of Agriculture (DA) has expressed concern over the escalating conflict between the United States and Iran, particularly amid the potential rise in global oil prices.
According to the agency, higher oil prices could affect petroleum-based fertilizers, freight costs, and fuel used to operate machinery for farmers and fisherfolk.
Agriculture Secretary Francisco Tiu Laurel Jr. emphasized the critical role of the Strait of Hormuz, a key passage for global oil supply.
He noted that the strait has reportedly been closed due to rising tensions.
Laurel warned that any disruption along this route could trigger a surge in global crude oil prices, which would, in turn, impact energy markets.
He added that fertilizer inputs are closely linked to energy prices, and the situation could also affect cargo shipments, shipping rates, and the landed costs of imported commodities.
The DA assured the public that it is closely monitoring developments in the Middle East.
The secretary concluded by saying that in an interconnected global food system, geopolitical conflict can alter domestic cost structures and test the resilience of supply chains.
(PHOTO COURTESY: DA)
