War with Iran Disrupts Fertilizer Exports as U.S. Farmers Face Planting Season

The conflict in Iran has triggered a 25% price hike in fertilizer exports, just as American farmers prepare for the critical planting season. Gulf states are major producers of this essential input, and the disruption threatens to exacerbate struggles for U.S. corn growers. This development illustrates the severe agricultural risks posed by instability in the Strait of Hormuz.