Explainer-How does the Iran war affect fertiliser supplies, prices and food security?
By May Angel and Tristan Veyet
LONDON, March 16 (Reuters) - As the U.S.-Israel war with Iran enters its third week, analysts warn it is severely disrupting fertiliser markets and endangering food security for developing countries in the near term.
Here is how the conflict is affecting fertiliser costs, trade flows and output:
WHY IS THE HORMUZ STRAIT KEY FOR FERTILISER SUPPLY?
Fertiliser production is energy-intensive, relying heavily on natural gas as a feedstock, with energy making up as much as 70% of production costs.