Global oil and gas prices have skyrocketed following the US attack on Iran last weekend. But another key global supply chain is also at risk, one that may directly impact American farmers who have already been squeezed for months by tariff wars. The conflict in the Middle East is choking global supplies of fertilizer right before the crucial spring planting season.
“This literally could not be happening at a worse time,” says Josh Linville, the vice president of fertilizer at financial services company StoneX.
The global fertilizer market focuses on three main macronutrients: phosphates, nitrogen, and potash. All of them are produced in different ways, with different
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