economy

'It's not sustainable': US farmers reeling as Iran war pushes fertilizer costs up

Closure of strait of Hormuz – a key fertilizer production and transportation route – has squeezed farmers as prices jump

'It's not sustainable': US farmers reeling as Iran war pushes fertilizer costs up

TL;DR

  • Closure of the Strait of Hormuz has impacted fertilizer availability.
  • This has led to increased fertilizer prices.
  • Farmers are experiencing financial pressure due to these price hikes.