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The deepening crisis in the Strait of Hormuz has transcended simple increases in freight and insurance costs, fundamentally altering the decision-making patterns of global grain market players.

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.

Escalating conflict involving Iran, the United States and Israel is sending shockwaves through global energy, fertilizer and grain markets as shipping disruptions in the Strait of Hormuz threaten one of the world’s most critical trade corridors.