It’s not just oil and gas. The Strait of Hormuz blockage is rattling another vital commodity

• Food insecurity warnings as Iran conflict constricts fertilizer supply and prices soar.
• Around one-third of the global seaborne fertilizer trade passes through the Strait of Hormuz.

Farmers in the Northern Hemisphere are heading into the crucial spring months, during which major fieldwork must begin. Their peers in the south, meanwhile, are busy harvesting crops before the winter sets in.

Source: https://www.cnbc.com/2026/03/25/fertilizer-price-iran-war-food-security-inflation-urea-potash-nitrogen-farmers.html