# US-Iran war exposes Australia’s urea import reliance | Latest Market News

> Australia imported 64pc of its 2025 urea from the Persian Gulf, and current domestic supplies last only until mid-April. Southeast Asian producers are mostly sold out for March, and Oman is the only Gulf source still shipping. Growers who now want volumes face limited offers.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/31527-us-iran-war-exposes-australia-s-urea-import-reliance-latest-market-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Australia's peak import season coincides with supply loss from the Gulf, so buyers will bid for alternative cargoes and push up urea prices. Higher nitrogen costs affect Australian grain and feed production.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-03-25 | [Nola urea prices surge on US-Iran conflict \| Latest Market News](https://feedsoft.ai/events/31521-nola-urea-prices-surge-on-us-iran-conflict-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2024-03-25 | [Egypt urea sold higher after US, Israel attack on Iran \| Latest Market News](https://feedsoft.ai/events/31524-egypt-urea-sold-higher-after-us-israel-attack-on-iran-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2024-03-25 | [Southeast Asian granular urea sold at around $710/t fob \| Latest Market News](https://feedsoft.ai/events/31526-southeast-asian-granular-urea-sold-at-around-710-t-fob-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2024-03-25 | [US fertilizer market faces increasing scrutiny \| Latest Market News](https://feedsoft.ai/events/31535-us-fertilizer-market-faces-increasing-scrutiny-latest-market-news.md) | -12.7% | -19.2% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2796656-us-iran-war-exposes-australia-s-urea-import-reliance

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