Fertilizer supplies to Southern Hemisphere agricultural powerhouses like Brazil and Argentina are at risk as a fragile ceasefire between the US and Iran frays just as planting season nears.
The flow of fertilizer ships entering the Persian Gulf — a region that accounts for about a third of global urea exports — has slowed to a trickle since late June as tensions began to rise again with a spate of Iranian attacks on vessels transiting the Strait of Hormuz.
