War on Iran sparks global fertilizer shortage, threatens food prices

Farmers around the world are facing fertilizer shortages and rising costs due to supply disruption caused by the war in Iran, which could make food more expensive later this year.

The war has almost halted shipments through the Strait of Hormuz, a narrow passage off Iran that handles about a fifth of the world’s oil and nearly a third of global fertilizer trade.

Rising natural gas prices, a key ingredient, are also pushing fertilizer…