Hormuz Crisis Could Trigger Global Fertiliser Shortages and Higher Food Prices
Attacks and a near-total halt of traffic through the Strait of Hormuz threaten a large chunk of global fertiliser supplies (ammonia and nitrogen), with fertiliser costs highly tied to fossil gas. A prolonged closure could push up fertiliser prices, reduce crop yields, and lift prices for staples like bread and potatoes, impacting farmers in the UK, Europe, and North America who already face price volatility. The Gulf disruption compounds existing pressures from the Russia-Ukraine conflict, and multiple incidents near Hormuz underscore ongoing risk to shipments of energy and fertiliser inputs.
