Renewed fighting between the United States and Iran is raising new concerns about higher fuel and fertilizer costs for farmers as tensions escalate around the Strait of Hormuz (hor-MOOZ). Oil and gasoline prices climbed after President Donald Trump said the U.S. would continue military action against Iran following reported attacks on commercial ships. The Strait of Hormuz is a key shipping route for global energy supplies and fertilizer, with about one-third of the world's crop nutrients moving through the waterway. Louisiana Senator John Kennedy said restoring shipping traffic is critical to limiting energy price increases. "If we can get the traffic in the strait back up to 40 or 50 percent, it'll hold energy prices down,” he said. “I don't know about fertilizer, but energy prices, yeah." Agri-Pulse also said the renewed conflict comes as many U.S. farmers begin making fertilizer purchasing decisions for next year's crop, raising concerns that additional supply disruptions could drive input costs even higher.
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