S&P Global warns the Hormuz energy shock is turning into a food crisis. Half of world fertilizer feedstock exports passed through the Strait before the war, and fertilizer prices doubled after it closed. #Hormuz#Fertilizer#FoodSecurity
The Iran war is squeezing a key fertilizer input: sulfur. About 24% of supply moved through Hormuz before the war, and prices have jumped from about $500 to over $800 a ton, straining phosphate fertilizer makers. #Sulfur#Hormuz#Fertilizer#Food
