Iran Conflict Not Just Driving Up Oil! Urea Skyrockets 34% in One Month, Food Security Alarm Bells Ringing
Iran conflict leads to Strait of Hormuz blockade, impacting global fertilizer supply chains and other markets. Urea prices have surged to $601, affecting agricultural production costs. Meanwhile, WTI crude oil approaches $90, and Bitcoin has also risen due to safe-haven demand, demonstrating market interconnectedness. The urea price increase is primarily driven by its production dependence on natural gas, with the blockade directly affecting transportation routes.
MarketWhisper·03-18 03:19


