Iran War Snarls Key Global Hub for Fertilizer Supplies
Machinery at Yara International ASA's 24-megawatt plant for renewable hydrogen production at the company's Heroya industrial facility in Porsgrunn, Norway.
Photographer: Naina Helén Jåma/BloombergThe conflict in Iran threatens to disrupt a major fertilizer production and shipping hub, raising the risk of higher crop costs and food inflation.
The Gulf region is home to some of the world’s largest fertilizer plants, and the Strait of Hormuz handles about one-third of the global trade for the nutrients. Prices were already high before the latest conflict in the Middle East erupted, and the fresh tensions come as Northern Hemisphere farmers are set to start applying the products to their fields.