The International Chamber of Commerce is warning of a growing global food crisis due to disruptions to shipping through the Strait of Hormuz caused by the U.S. and Israeli war on Iran. The group’s secretary general told The Wall Street Journal that fertilizer capacity has fallen by nearly 40% since the strait was disrupted, with grain prices set to rise by up to 80% unless it’s reopened.
On Monday, President Trump defended his decision to attack Iran, telling a campaign rally in Grand Island, Nebraska, that high gas prices are a “small price to pay.”
President Donald Trump: “It’s a small price to pay for keeping the world safe, keeping our country safe. They can take out a city. Let them take — let — let them take out Los Angeles. Let them take out San Diego. That’s — this is a very small price to pay, and it’s going to be over with very soon.”
The statement drew condemnation from elected officials in California. Los Angeles Mayor Karen Bass responded, “The role of a president is to protect the country, not to actively threaten it and encourage attacks on American lives.”