Iran War Sparks Global Fertilizer Crisis, Threatening Food Security

The conflict in Iran has triggered a global fertilizer crisis by disrupting the supply of essential components like sulfur and urea, which are crucial for food production. The standstill in marine traffic through the Strait of Hormuz has removed 50% of the world’s traded sulfur and 36% of urea from the market, leading to elevated prices and potential food security threats. The crisis presents a critical window for policymakers to address supply chain vulnerabilities and incentivize domestic production.