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Soaring nitrogen costs triggered by war-related energy disruptions are prompting European farmers to cut fertilizer use, scale back corn and wheat plans, and shift acreage toward less input-intensive crops, raising fresh concerns over grain supplies, yields, and import dependence, Platts, part of S&P Global Energy, reported.

The more than 70% decline in shipping through the Strait of Hormuz has roiled energy markets and put up to one-third of global fertilizer trade at risk.

The U.S.–Israel operation against Iran has created a new geopolitical risk zone that could affect not only the political balance of the Middle East but also the global trade and food system.