Fertilizer Trade Disrupted by Strait of Hormuz Conflict

WTO Secretariat analysis shows urea and phosphate fertilizer trade severely disrupted by conflict in the Persian Gulf, with African and Asian economies most vulnerable to shortages and price hikes. The closure of the Strait of Hormuz, a key fertilizer trade route, is cited as a major factor. Reopening the strait is identified as necessary to ease trade frictions and stabilize global markets.