Oil Surges After U.S.–Israel Strike on Iran | Strait of Hormuz Risk & Fertilizer Spike

Geopolitical risk just escalated — and energy and agriculture markets are reacting.Following a coordinated U.S.–Israel strike on Iran, crude oil prices surged as tanker traffic slowed through the Strait of Hormuz — the critical chokepoint for roughly 20% of global crude exports.StoneX Chief Commodities Economist Arlan Suderman breaks down what this means for:• Crude oil prices and global energy flows• Strait of Hormuz shipping disruptions• Fertilizer supply risks (urea, ammonia, phosphate)• The spike in Gulf urea prices• Soy oil rally and rising biofuel demand• EPA biofuel RVO developments• U.S.–China trade tensions and Xi–Trump negotiationsWith fertilizer production concentrated in the Middle East and energy markets on edge, agriculture and commodity markets are tightly linked to unfolding geopolitical developments.Arlan also examines:• How long military disruptions could last• The risk of an Iranian power vacuum• Why China stands to lose if Iran’s regime changes• Whether higher crude prices could accelerate U.S. biofuel policyIf you trade or follow crude oil, grains, fertilizers, biofuels, or global macro markets, this is a critical update from the StoneX trading floor.Subscribe for ongoing commodity market analysis from StoneX. https://shop.stonex.com/products/us-ag-analyst-insights?