Roughly 30 percent of the world's seaborne fertiliser trade passes through the Strait of Hormuz.

WHY THIS MATTERS · This matters because most of the world's fertilizer flows through a handful of choke points — Russian and Belarusian potash, Moroccan phosphate, gas-linked nitrogen — so one export curb or gas spike raises fertilizer costs, cuts crop yields, and pushes food prices up fastest in poor import-dependent countries.

Part of the monitored dynamic Fertilizer Supply Security · VUCA INDEX 61/100