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The Strait of Hormuz, $120 Oil, and Why Your Grocery Bill Is Not Coming Down
What nobody is connecting for you and three moves to make before the next wave hits Wealth Rule: "The price of dependence is always paid at the grocery store first. Build your own economy before someone else's war decides what you eat." You went to the grocery store last week. You bought what you always buy. You spent more than you expected... Again. You are not imagining it. You are not spending differently. The prices are different... and here is why they are not coming back down any time soon. A 21-Mile Chokepoint Is Running Your Budget. 25% of the world's seaborne oil supply transits through the Strait of Hormuz every single day. As you know, in February 2026, Iran closed it. Oil prices soared to around $120 per barrel...more than double the opening price at the start of 2026. A sort of ceasefire exists. But a lot of the damage is not done and there is more to come. More than one-third of global seaborne fertilizer also travels through the Strait. Since the start of the war, the price of urea — the nitrogen-rich compound in most fertilizers — has spiked 35%. Here is the cascade of issues nobody is explaining to you. Oil goes up. Fertilizer costs go up. Farmers pay more to grow crops. Food companies pay more to produce food. You pay more at checkout. Thousands of farmer are in real trouble and many of them are losing the family farm that they have had for generations because they can't afford to run them. CSA's (community supported agricultures) around the country, many of them are already sold out. On DOAC podcast, Professor Steve Keen warns that the globe could have a famine. The shock is unfolding in stages: energy, fertilizer, seeds, lower yields, commodity price increases, then food inflation. You are currently in stage three. Stages four and five are coming.' How Bad Is It Going to Get? Really bad if they strait isn't opened by the end of September this year. That is when America runs out of our reserves. In mid-March 2026 the US fertilizer supply was around 75% of normal levels right at the beginning of planting season. Farmers who feared not being able to optimize their corn yields may have decided to plant less corn or switch crops entirely. Either would reduce the corn supply.
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Think about this and see what comes up for you. What is one belief about money, business, or ownership that you inherited... but are now questioning? Put your comment below... Mine will be there too.
What is one thing you own today that could become an income asset?
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