Iran war update: May 21
- Iran is rapidly rebuilding its drone program, cnn reported today. According to “sources familiar with U.S. intelligence assessments,” Iran could fully replenish its drone stockpiles to prewar levels in half a year. The cnn report claimed Iran is rebuilding its missile capabilities faster than the United States was expecting.
- The world could have a food price shock within 12 months due to Iran blocking the Strait of Hormuz, the United Nations Food and Agriculture Organization reported yesterday. The blockage stops not only oil and gas shipments but also one third of the world’s fertilizer trade.
