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Iran has shut down seven of its urea and ammonia plants, reportedly over fears they could be Israeli targets, and attacks on Iranian natural gas infrastructure are also keeping output offline. Egypt's nitrogen operations were also brought to a standstill after Israel reduced natural gas flows.
Analysts say this adds to existing uncertainty around Russian and Chinese fertilizer supplies.
Iran was the third-largest urea exporter in 2024 at about 4.5 million tons, and Egypt is also a major exporter, so losing both removes significant supply. This tightens global nitrogen markets and pushes urea prices higher, raising feed-grain production costs.
agri-pulse.comOliver WardJun 16, 2025After 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.
