Iran War Triggers Fertiliser Crisis, Threatening Global Food Security
The ongoing conflict in Iran has led to a significant disruption in the global fertiliser supply, primarily due to the blockade of the Strait of Hormuz. This has resulted in a 'fertiliser squeeze,' with soaring energy costs and export disruptions pushing farmers' affordability to a four-year low. The World Bank has reported that the surge in costs is largely driven by a spike in natural gas prices, which are crucial for nitrogen-based fertilisers. European agriculture ministers are calling for urgent intervention to prevent a prolonged food price crisis and to safeguard future grain harvests. Despite Europe not facing an immediate supply issue, there is concern about future crops due to the complex environment and tight margins faced by farmers. 
