The closure of the Strait of Hormuz throws the global fertilizer market into a frenzy: roughly 33% of global fertilizer exports—including urea, ammonia, and sulphur—pass through the strait. For urea:

• Qatar (~13% of global exports)
• Saudi Arabia (~11%)
• Iran (~10%, and recently shut down completely due to the conflict)
• Oman (~8%)
• UAE (~4%)

In 2024 China slashed its urea exports by 83% YoY due to new export restrictions.

The net effect of these is that about 40% of the world nitrogen fertilizer supply is suddenly no longer available for export, which has traders at major importers (India, Brazil) panic buying to secure theirs.

Not only does this translate to very real impact on food supply and prices — it conveniently aligns with the WEF/UN agenda to "reduce nitrogen pollution..."

• @iceagefarmer