The war in Iran has sharply fertilizer prices because it has shipping through the strategic Strait of Hormuz. Iran's near shutdown of the Strait in retaliation for attacks by the U.S. and Israel. The Persian Gulf region is a critical supplier of fertilizer ingredients. Qatar, Saudi Arabia, Iran, and Oman among the world's top exporters. The ongoing hostilities have in around 30 to 40 per cent of the world's fertilizer trade significantly disrupted. Farmers worldwide are to pay up to 35 per cent more for fertilizer. Experts farmers will be fewer crops like corn, rice, and wheat, which will to lower yields and higher food prices.
The United Nations has that the crisis will a global food shortage. Carl Skau of the World Food Programme spoke about the impact the conflict might have. He two scenarios, saying: "In the worst case, this lower yields and crop failures next season. In the best case, higher input costs will included in food prices next year." Maximo Torero, Chief Economist of the UN's Food and Agriculture Organization, said: "It is a systemic shock agrifood systems globally." He : "Farmers are a dual cost shock. They more expensive fertilizers alongside rising fuel costs, affecting the entire agricultural value chain, irrigation and transport."
