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The UN has proposed a mechanism to restore fertiliser shipments through the Strait of Hormuz, with a coordination centre in Oman to register vessels and oversee safe passage. The mechanism is inactive pending a US-Iran agreement; UN officials say five vessels a day could help maintain supplies, including shipments of urea that previously passed through the strait.
Restored Gulf shipping could ease supply constraints for fertiliser buyers ahead of planting seasons and reduce upward pressure on urea prices. The price relief depends on a US-Iran agreement and the corridor becoming operational.
inp.net.pkSpaGreenNov 10, 2026inp.net.pkSpaGreenNov 10, 2026After 64 past logistics events, Urea moved a median -0.3% over 5 sessions (48% higher; middle half -1.0% to +2.3%), and -0.3% 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.
