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Shipping through the Strait of Hormuz has stalled due to the conflict, with more than 200 vessels stranded and insurers cancelling cover for Persian Gulf shippers. Arkansas urea dealer quotes rose from the upper $500s to as high as $700 per ton, and diesel prices also spiked as spring planting began.
Higher urea and diesel costs raise the cost of growing feed grains and transporting feed, while the closure of a key chokepoint lifts crude and freight costs across the feed chain.
uaex.uada.eduMar 4, 2026After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
After 26 past bullish logistics events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (58% higher; middle half -5.1% to +9.5%), and +2.0% over 20.
Not enough comparable past events yet for a historical read.
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.
