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Fertiglobe's CEO said about 30% of global urea exports pass through the Strait of Hormuz, and the company is using land routes and adjusted shipping to keep supplies moving. He warned that rising costs could make fertilizer less affordable for farmers.
With roughly a third of seaborne urea exposed to Hormuz, higher freight and supply costs support urea prices and could reduce application rates, affecting yields and food prices.
internationly.comCNBCNov 14, 2026After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
