economy
March 4, 2026
Strait of Hormuz closure to cause major upheaval in fertilizer market
The head of the Russian Direct Investment Fund stressed that possible disruptions to shipping in the strait’s waters could have significant consequences for commodity markets and put pressure on the global agricultural sector
TL;DR
- Closing the Strait of Hormuz would cause major disruptions in global fertilizer and agricultural markets.
- A significant share of global trade for key fertilizer components passes through the Strait of Hormuz.
- Approximately 44% of global sulfur trade, 31% of urea, 18% of ammonia, and 15% of phosphates are linked to logistics through this region.
- Disruptions to shipping could have significant consequences for commodity markets.
- The global agricultural sector could face increased pressure due to potential disruptions.
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