Strait of Hormuz closure paralyzes global fertilizer trade, threatening spring planting and food prices The Strait of Hormuz closure has paralyzed a critical fertilizer shipping route. This disruption hits during the vital Northern Hemisphere spring planting season. Fertilizer prices are soaring, with U.S. urea imports up 30 percent. Smaller global harvests of staple crops are now a serious risk. The crisis will increase global food production costs and consumer inflation. A sudden chokehold on one of the world’s most critical maritime passages is threatening the very foundation of the global food supply. The closure of the Strait of Hormuz, following U.S. and Israeli…
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