US warns of Iranian attack on Saudi oil city

Conflict in the Middle East has caused oil and gas prices to jump, but it may also lead to poorer crop yields and higher food prices if it continues to impact global shipping. The continued closure of the Strait of Hormuz would lead to higher global prices of staples like corn, wheat and rice because the waterway is vital to shipping one-third of the world’s urea – an essential ingredient in fertiliser, the chief executive of Yara has told World Business Express.The timing of the closure means supply of urea is constrained at a time when farmers and growers are buying fertiliser to apply it to fields. Could Israel be attacking Saudi and blaming it on Iran ?