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Hormuz Shipping Disruptions Extend Fertilizer Price Pressures into Ninth Month
As the conflict in the Strait of Hormuz enters its ninth month in late October 2026, the failure of a June 17 ceasefire memorandum to normalize shipping has sustained global fertilizer prices well above pre-crisis levels. With the Gulf region typically accounting for 30 percent of global urea exports and a large share of sulfur required for phosphate manufacturing, supply constraints have forced importing nations like India to roll out emergency subsidies to maintain affordability.
