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armstrongeconomics.comGlobal fertilizer prices have increased 44 percent since the beginning of the Iran War and now stand at their highest level since 2022. The rise coincides with the effective closure of the Strait of Hormuz, through which roughly one-third of globally traded fertilizers normally p…
SemaforAhmed El-Hoshy, CEO of the Abu Dhabi-based fertilizer exporter, said nitrogen fertilizer prices jumped sharply after conflict closed key Gulf shipping routes. About one-third of global urea and one-fifth of ammonia supplies normally move through the Strait of Hormuz. The company…