War in Ukraine Already Setting Mideast on Fire

The war in Ukraine is already setting the Middle East on fire. In Iran, the government announced it would cut wheat subsidies amid rising global prices triggered by Russia’s invasion of Ukraine. The announcement ignited a wave of protests that quickly turned political, as demonstrators called for the overthrow of Tehran’s clerical regime. But the ayatollahs are not the only ones in a hot and dry region that feel threatened by the upheaval in global wheat markets. In 2020, Russia and Ukraine provided 43 percent of the wheat imported by the Middle East and North Africa (MENA), compared to just 19 percent in 2008. The region also depends heavily on Russian and Ukrainian corn.

Read Full Article »




Related Articles