Fertilizer
The Hunger Chokepoint: Hormuz Blockade Paralyzes Global Fertilizer Trade, Sending Wheat Futures Into Orbit
CHICAGO & LONDON — The global agricultural supply chain has been plunged into a state of emergency as a blockade of the Strait of Hormuz has effectively paralyzed roughly 20-30% of the international trade in urea, ammonia, and phosphates. The disruption, which follows an escalation of regional tensions in late February