US-Iran Conflict Disrupts Global Fertilizer Markets, Impacting Prices
The ongoing conflict between the US and Iran has significantly disrupted global fertilizer markets, leading to volatile prices and supply chain challenges. The conflict has removed substantial volumes of urea, sulfur, and related feedstock products from international markets, forcing buyers to seek alternative supplies at higher costs. The disruption around the Strait of Hormuz has been a central shock, affecting supply chains and leading to production curbs linked to gas constraints. The US-Israel war with Iran could also impact India's fertilizer supply, crucial for the upcoming kharif season. Despite government assurances, delayed shipments and reliance on Qatar for urea plant gas have prompted India to consider additional measures. 
