""Up to 15% of goods passing through the Strait of Hormuz are non-energy materials. These include critical commodities serving as inputs for multiple industries-and any shortage would have cascading impacts on global agriculture and manufacturing.""
""Fertilizer shocks are not just input-market issues. They're also social and political ones. The risk is not only lower yields, but also reduced farmer incomes, higher rural vulnerability, and eventually, higher food prices for consumers.""
The Strait of Hormuz is vital for transporting not only crude oil and natural gas but also essential commodities such as fertilizer and helium. Approximately one-third of the world's helium and half of its urea pass through this waterway. Southeast Asia, heavily reliant on agriculture, faces significant risks from supply interruptions, affecting economies like Indonesia and Thailand. Experts warn that fertilizer shortages could lead to lower yields, reduced farmer incomes, and increased food prices, with prolonged disruptions posing severe challenges for consumers and agricultural stability.
Read at Fortune
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