• Before the Iran war, about one-third of global fertilizer exports passed through the Strait of Hormuz; the two-month blockade has halted deliveries from Gulf states.
  • The CEO of Yara, the world’s leading nitrogen fertilizer producer, estimates the disruption could cause a loss of up to ten billion meals per week.
  • Britain has sent the destroyer HMS Dragon for a possible mission to protect merchant ships after hostilities end.
  • Nitrogen fertilizer prices have risen up to 50% since the war began, affecting farmers worldwide, including in Austria.
  • Gulf producers are seeking alternative routes, such as overland truck transport, which doubles costs.
  • The World Bank and FAO warn of potential food price increases due to fertilizer shortages and high energy prices.
  • The EU is considering measures to help farmers, including a possible suspension of CBAM.

Sources & Links