Strait of Hormuz Closure Hits 94 Percent Gulf Fertilizer Exports
Strait of Hormuz Closure Crushes 94% of Gulf Fertilizer Exports, Sparking Global Food Supply Panic for Middle East Traders The near-total shutdown of the Strait of Hormuz has halted 94% of vessel traffic through this strategic waterway, dramatically cutting 46% of global urea trade. Fertilizer prices surged by 32% in critical export hubs such as […]
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