Iran conflict and Strait of Hormuz closure risk fertilizer price spikes

Friction in food security and household budgets

The Iran conflict and Strait of Hormuz closure risk price spikes for helium and fertilizers, according to ABC News. This creates friction in the SUSTENANCE and GOODS sectors as higher fertilizer costs could strain food security and household budgets. The source describes this as a 'big concern' but offers no specific price data or timelines. The source is brief and the detail sits with them.

Source: Google News