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Global Food Prices Hit Three-Year High As War, Chokepoint Chaos And El Nino Spark Perfect Storm
Global Food Prices Hit Three-Year High As War, Chokepoint Chaos And El Nino Spark Perfect Storm
The UN Food and Agriculture Organization’s Food Price Index climbed to a three-year high in July, extending its upward trajectory as conflicts across Eurasia (the Black Sea and the Hormuz chokepoint) disrupt critical trade routes and mounting El Niño risks threaten global harvests.
The United Nations Food and Agriculture Organization’s FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally traded food commodities, averaged 131.09 last month, up...
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May 21, 2026 / Tyler Durden
It's Not Iran Trapping Ships In The Hormuz, It's The Insurance Risk
It's Not Iran Trapping Ships In The Hormuz, It's The Insurance Risk
Is the Iranian regime the immediate barrier to oil tankers seeking to exit the Strait of Hormuz, or is it fear of liability that's keeping shipping companies at bay?
The damage actually done to Iran's military and weaponry by US strikes is a matter of hot debate, but one aspect of the strikes that is relatively easy to confirm is the destruction to Iran's navy. US Central Command indicates that around 92% of Iran's naval capacity has been sunk...
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Mar 22, 2026 / Tyler Durden
Glitch Shuts Australia's Biggest Maker Of Vital Fertilizer Input For 2 Months At Worst Possible Time
Glitch Shuts Australia's Biggest Maker Of Vital Fertilizer Input For 2 Months At Worst Possible Time
Australia's largest ammonia plant will be shut for two months to repair damage caused by a power outage, amidst a global supply crunch for the vital fertiliser and explosives ingredient.
To say that the shutdown comes at the worst possible time for the global fertilizer market would be an understatement: more than a quarter of the world's traded ammonia flows through the Strait of Hormuz, as do 43% of urea shipments, the fertilizer made from...
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Oct 26, 2026 / Tyler Durden
Former DOGE Staffers Hacked Into Anthropic's Internal Systems In 12 Hours - And What They Found Is Alarming
Former DOGE Staffers Hacked Into Anthropic's Internal Systems In 12 Hours - And What They Found Is Alarming
A months-old cybersecurity startup founded by former DOGE staffers says its AI agents found paths into Anthropic's internal systems in under 12 hours, the Washington Post reported Monday, citing a draft report it reviewed. The company, Cathedral, says it reached meeting transcripts, salary and job-offer details, and Slack messages about Anthropic's most advanced models. The breach was not in Claude itself - the hackers exploited flaws in third-party business software, the kind of...
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