Escalation in the Gulf: US Would Authorize Boarding of Ships Linked to Iran in International Waters
One-third of the world's fertilizer maritime trade passes through the Strait of Hormuz. Photo: iStock
TL;DR
- One-third of the world's fertilizer maritime trade passes through the Strait of Hormuz.
- The Strait of Hormuz is a critical chokepoint for global trade.
- Potential impacts on the fertilizer market are implied by the importance of this route.