India, April 30 -- The Strait of Hormuz is often viewed through the lens of oil prices, but Bhushan N Yengade, Founder, Binder Technology Consultancy, warns that the market is measuring the wrong metric. In his latest keynote, "Starvation Risk: Mapping the Hormuz Energy Crisis to the Global Food Supply Chain" Yengade argues that while energy security dominates headlines, the "nexus" of energy and food has created a systemic risk that the global economy has yet to fully price in. Market volatility is usually measured in basis points; Yengade is measuring it in kilocalories.

The Strait of Hormuz serves as a vital artery for 30 per cent of internationally traded fertilizers. For agricultural giants like India and Australia, the dependency i...