GoKawiilIran conflict pushes global fertilizer prices toward 2022 highs
Rising natural gas prices tied to the Iran conflict have driven up urea prices, which briefly exceeded $850 per metric ton in April—80% above pre-conflict levels and the highest since the Russia-Ukraine war disrupted markets in 2022. The Strait of Hormuz, through which roughly a third of global seaborne fertilizer trade passes, has been effectively shut to commercial shipping, threatening supply to some of the world's poorest nations.