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Germany's Inflation Scapegoat: Why Hormuz Is A Convenient Cover Story
Germany's Inflation Scapegoat: Why Hormuz Is A Convenient Cover Story
Submitted by Thomas Kolbe
Over the weekend, economist Gerrit Heinemann warned in Bild of a drastic increase in food prices in Germany. The scholar from Niederrhein University of Applied Sciences focused his analysis on the massive rise in fertilizer prices. A significant share of these—estimated at roughly one third of global production—is transported through the Strait of Hormuz. Following the dual blockage of the strait, this sector too has entered a state of global scarcity, forcing farmers worldwide to adjust prices,...
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