Iran War Sparks Global Fertilizer Crisis, Threatening Food Prices & Farmer Livelihoods

• The Iran war has caused gas prices to surge and fertilizer supplies to dwindle due to Tehran's near shutdown of the Strait of Hormuz.
• This shortage jeopardizes farmers in developing countries, already facing climate challenges, and could lead to higher global food prices.
• The Strait of Hormuz, a vital passage, handles nearly a third of global fertilizer trade, with nitrogen and phosphate supplies immediately threatened.
• The conflict has restricted about 30% of global urea trade, impacting countries like Ethiopia which relies heavily on Gulf imports.
• Even after the war, security concerns and rising insurance costs could continue to disrupt fertilizer shipments, impacting the fragile food system.