Hormuz Blockade Threatens Global Food Prices and Fertiliser Costs
Blocking the Strait of Hormuz could disrupt not only oil transit but also fertiliser exports from the Gulf, raising prices for urea, DAP and ammonia and feeding into higher food costs globally. With fertiliser a major production input tied to natural gas, energy shocks could amplify farming and processing costs, potentially fueling longer-term food price inflation even if near-term effects are modest; the risk rises if hostilities persist.