# What the Iran attack means for oil, fertilizer and ag commodities - Pro Farmer

> Crude oil jumped as much as 12% after the joint US-Israel attack on Iran, then trimmed gains as ship traffic through the Strait of Hormuz nearly halted. Hard red winter wheat and soybean oil held gains while corn and soybeans slipped.

- Date: 2026-02-28 · published 2026-02-28T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/20635-what-the-iran-attack-means-for-oil-fertilizer-and-ag-commodities-pro-farmer
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Urea](https://feedsoft.ai/c/UREA.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher crude lifts biofuel demand expectations for soybean oil and raises fertilizer and freight costs, while Hormuz disruption threatens fertilizer supply. Feed buyers face higher input costs through energy and fertilizer channels.

## Read by commodity

- DXY: bullish ▲
- SBO: bullish ▲
- WTI: bullish ▲
- UREA: bullish ▲
- BRENT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-07-02 | [What higher oil prices mean for OPEC and the U.S. \| Brookings](https://feedsoft.ai/events/63956-what-higher-oil-prices-mean-for-opec-and-the-u-s-brookings.md) | -0.3% | -4.5% |
| WTI | 2026-04-01 | [Fertilizer Prices Have ‘Significant’ Rise After Attack on Iran](https://feedsoft.ai/events/5105-fertilizer-prices-have-significant-rise-after-attack-on-iran.md) | -6.6% | +6.7% |
| WTI | 2023-10-16 | [The Commodities Feed: Oil market remains nervous \| articles \| ING THINK](https://feedsoft.ai/events/33615-the-commodities-feed-oil-market-remains-nervous-articles-ing-think.md) | +1.5% | -12.6% |
| WTI | 2026-03-05 | [How the Iran war could create a ‘fertiliser shock’ – an often ignored global risk to food prices and farming](https://feedsoft.ai/events/6255-how-the-iran-war-could-create-a-fertiliser-shock-an-often-ignored-global-risk.md) | +16.5% | +35.8% |
| WTI | 2025-06-13 | [Gas prices: What the Israel-Iran conflict means for your summer driving season \| CNN Business](https://feedsoft.ai/events/7763-gas-prices-what-the-israel-iran-conflict-means-for-your-summer-driving-season.md) | +10.2% | +1.1% |
| UREA | 2022-03-22 | [Fertilizer prices are at record highs. Here's what that means](https://feedsoft.ai/events/5512-fertilizer-prices-are-at-record-highs-here-s-what-that-means.md) | +0.4% | -0.7% |
| UREA | 2026-04-01 | [The Iran war’s impacts on global fertilizer markets and food production](https://feedsoft.ai/events/19643-the-iran-war-s-impacts-on-global-fertilizer-markets-and-food-production.md) | +10.6% | +7.6% |
| UREA | 2026-04-01 | [Fertilizer Prices Have ‘Significant’ Rise After Attack on Iran](https://feedsoft.ai/events/5105-fertilizer-prices-have-significant-rise-after-attack-on-iran.md) | +10.6% | +7.6% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/what-iran-attack-means-oil-and-ag-commodities

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.